UOB is the cheapest, as Elijah pointed out. The shares or instruments are either held with the agent banks, or the investment administrator.
Just FYI, you can only invest 35% of your investible CPF monies in stocks, but you can invest in 100% unit trust. Endowus offers exlusive access to 2 vanguard fund for CPF investments at the lowest fees, do find out more here!
Charges wise there is actually a small difference as of writing, based on what I gather.
For shares/UTs/ETF, UOB charges S$2 per 1000 shares / units or part thereof, subject to a maximum of S$20 per transaction. The other banks charge $2.5/$25 max.
For Fixed Deposits, Fund Management Accounts & Insurance Policies, Singapore Government Securities and most other transactions, it's $2 per transaction for UOB compared to $2.50 for the other banks.
However, for IPO application by CPF cashier's order, UOB charges $5 per application, compared to $2 for the other banks.
As always, invest through a CPF investment administrator to consolidate and save costs.
You may refer to the full schedule of charges here:
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Don't believe there is any difference between the banks for CPFIS account handling. Personally I'm u...
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