There has been significant demand for Singapore Treasury Bills (T-bills) with the high interest rates in recent auctions. For example, you can potentially earn up to $530 more by investing S$100,000 of your CPF Ordinary Account (OA) funds in the 6-month T-bill based on the latest yield of 4.0% p.a.
However, for many of us in Singapore who wish to apply for T-bills using CPF OA, it has always been a big hassle to queue at the bank branch.
Here’s the good news! DBS now allows you to apply for the T-bills using CPF OA via DBS internet banking (i-banking). This means that you can now apply for the T-bills in the comfort of your home, rather than having to wait for a few hours at the bank.
Let’s go through the steps that you can apply for T-bills using CPF OA via DBS i-banking.
How to apply for T-bills using CPF OA through DBS i-banking: A step-by-step guide...