Singapore Treasury bills (T-bills)

[reddevil0728]

How to apply for T-bills using CPF-OA through DBS iBanking?

same way as you would have using cash

I can see my CPF-IA which is at $0 through iBanking. Do I need to transfer from CPF-OA to CPF-IA then can use?

no need

Can I withdraw the Tbills earning when apply through CPFIA?

The earning will not be deducted from CPF OA in the first place. so nothing to withdraw?

 

[caesium5]

Anyone received for OCBC?

Bank : OCBC CPF Investment Account
Application date : 09 Oct 2022
Auction date : 13 Oct 2022
CPF Deduction date : 15 Oct 2022
Issue date : 18 Oct 2022
Maturity date : 18 Apr 2023

CPF back to OCBC date : 20 April 2023

 

[reddevil0728]

Bank : OCBC CPF Investment Account
Application date : 09 Oct 2022
Auction date : 13 Oct 2022
CPF Deduction date : 15 Oct 2022
Issue date : 18 Oct 2022
Maturity date : 18 Apr 2023

CPF back to OCBC date : 20 April 2023

What do you mean CPF back to OCBC?

 

[caesium5]

What do you mean CPF back to OCBC?

Date where the CPF amount goes back to OCBC Investment Account.

 

[konan~]

Bank : OCBC CPF Investment Account
Application date : 09 Oct 2022
Auction date : 13 Oct 2022
CPF Deduction date : 15 Oct 2022
Issue date : 18 Oct 2022
Maturity date : 18 Apr 2023

CPF back to OCBC date : 20 April 2023

OCBC very slow. DBS credited on maturity date.

 

[reddevil0728]

Date where the CPF amount goes back to OCBC Investment Account.

You mean the face value of t-bill

 

[konan~]

Result of BY23101W 1-Year T-bill auction will be out today. Hope COY can reach 3.80% with the much higher amount of $4.3B offered.

 

[maumu]

Are you transferring it back to OA today? If yes, please let us know how long it takes. TIA.

I initiated the transfer back to OA at 6+ am in the morning and by evening 6+ pm it's already in the OA account (within the same day).

Surprised as I'd called CPF in the morning after I submitted the transfer... they said it'll take up to 3 working days. Didn't expect to see it back at OA so fast.

 

[Geralt]

I received the full amount back in my UOB CPFIS account this morning.

Bank : OCBC CPF Investment Account
Application date : 09 Oct 2022
Auction date : 13 Oct 2022
CPF Deduction date : 15 Oct 2022
Issue date : 18 Oct 2022
Maturity date : 18 Apr 2023

CPF back to OCBC date : 20 April 2023

I initiated the transfer back to OA at 6+ am in the morning and by evening 6+ pm it's already in the OA account (within the same day).

Surprised as I'd called CPF in the morning after I submitted the transfer... they said it'll take up to 3 working days. Didn't expect to see it back at OA so fast.

Thanks for sharing.

So OCBC is the slowest among the three banks for getting the funds into CPFIA, while DBS is the fastest. However, UOB lets you transfer back to CPF within the same day (my guess is if the refund is initiated within the morning), whereas DBS only transfers it back during the next working day. This would be very good to know when debating whether to apply for those t-bills with maturity dates close to the end of the month.

Another thing in UOB's favour is that they return the full amount, whereas DBS automatically charges the $2.70 and returns it a few days later. @caesium5, could you please share whether you received the full amount, or less than that? Thanks.

 

[konan~]

I initiated the transfer back to OA at 6+ am in the morning and by evening 6+ pm it's already in the OA account (within the same day).

Surprised as I'd called CPF in the morning after I submitted the transfer... they said it'll take up to 3 working days. Didn't expect to see it back at OA so fast.

Thanks. I think the 3 working days is to cut themself some slack.
OCBC gives itself 14 days for FD placement using CPF OA and another 14 days credit back to CPFIA upon maturity. Siow leow.

 

[caesium5]

..........could you please share whether you received the full amount, or less than that? Thanks.

The full amount is reflected in OCBC CPFIA.

 

[reddevil0728]

I initiated the transfer back to OA at 6+ am in the morning and by evening 6+ pm it's already in the OA account (within the same day).

Surprised as I'd called CPF in the morning after I submitted the transfer... they said it'll take up to 3 working days. Didn't expect to see it back at OA so fast.

“Up to”

under promise over deliver

 

[~sabaisabai~]

Result of BY23101W 1-Year T-bill auction will be out today. Hope COY can reach 3.80% with the much higher amount of $4.3B offered.

you bidded 3.8%?

 

[Mickey01]

Bank : OCBC CPF Investment Account
Application date : 09 Oct 2022
Auction date : 13 Oct 2022
CPF Deduction date : 15 Oct 2022
Issue date : 18 Oct 2022
Maturity date : 18 Apr 2023

CPF back to OCBC date : 20 April 2023

OCBC SRS T Bills refund is also very slow
Maturity Date - 18 Apr 2023
Today (20th Apr after 7am) then can see the funds in my SRS balance and the T Bill removed from my list of investments. Before 7am, the my SRS balance still $0 and the T Bill still listed under Investments

 

[DevilPlate]

Result of BY23101W 1-Year T-bill auction will be out today. Hope COY can reach 3.80% with the much higher amount of $4.3B offered.

I guess 3.6x%

 

[konan~]

you bidded 3.8%?

No. I am happy with 3.7%. 3.8% will be a bonus. Can eat ang kow fish porridge.

 

[konan~]

Alamak, COY 3.58% only.

 

[sdexxxxd]

Alamak, COY 3.58% only.

many low ballers

 

[petromax]

3.58... better put in FD... focusing on SSB now...

 

[konan~]

many low ballers

3.58... better put in FD... focusing on SSB now...

It is low but still ok for those who use OA. The 3.58% still better than the 3.55% for OA FD previously offered by OCBC.