Using CPF for Investment..

[xianxx]

Hi Everyone!

I am new to investment, but would like to ask if I want to invest my CPF, which are the banks that can provide me the best platform and rates?

1. Standard Chartered??
2. DBS Bank - 1.5% sales charge
3. OCBC??
4. Fundsupermart??

Please share your experience!

 

[lzydata]

First step is to check how much you can invest under CPFIS-OA and -SA. Go to the CPF website for that.

If you are investing OA funds, you have to open a CPF investment account with either DBS, UOB or OCBC. If you are investing SA funds, you can go directly to providers or platforms such as Fundsupermart.

Here is a page with the link to fees and charges:
CPF Board - Do I Have To Incur Any Charges For CPFIS? - my CPF 1

 

[voodooesmeralda]

Depending on the amount that u can/want to invest, different platforms may have promotional rates at different times and some are able to charge flexible rates

 

[bbmars1128]

Hi Everyone!

I am new to investment, but would like to ask if I want to invest my CPF, which are the banks that can provide me the best platform and rates?

1. Standard Chartered??
2. DBS Bank - 1.5% sales charge
3. OCBC??
4. Fundsupermart??

Please share your experience!

Please check out the various fund manager website. certain funds under POEMS is 0% charges for CPF. while the rest, mostly at 0.75% or 1%