With effect from 4 June 2007, new CPF Time Deposit placements will not be accepted.
Benefits
Place your eligible CPF funds in a SGD Time Deposit for any period of 1 month to 12 years to earn higher interest.
Requirements
You must be a CPF member and at least 21 years old and above
You are not an undischarged bankrupt
You must have sufficient savings in your CPF account. Please check with CPF Board
You must have a CPF Investment Account. If you do not have a CPF Investment Account, you may visit any OCBC Branch to open the account.
Single name only
Minimum deposit of S$5,000
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With effect from 4 June 2007, new CPF Time Deposit placements will not be accepted.
Fees
No monthly fees
Deposit Insurance Scheme
Singapore dollar deposits held by or for a non-bank depositor in accounts listed in OCBC Bank's Insured Deposit Register (available at www.ocbc.com/policies) will be insured in accordance with and for up to the limits specified in the Deposit Insurance and Policy Owners' Protection Schemes Act 2011 of Singapore.
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