| Currency | Tenure (months) | Banking type | Promotion interest rate a year | Apply via |
| Singapore Dollar | 8 | Premier Banking | 4.18% | Internet Banking Mobile Banking |
| Premier Private Client | ||||
| 12 | Personal Banking | 3.40% | ||
| Premier Banking | 3.70% | |||
| Premier Private Client | 3.90% |
CPF Time Deposit Rate
| Currency | Tenure (months) | Banking type | Promotion interest rate a year | Apply via |
| Singapore Dollar | 12 | All | 3.40% | Branch (using CPF Ordinary Account Funds) |
NEW! You can now make a deposit with your CPF Ordinary Account funds and enjoy 3.40% a year for 12-month SGD Time Deposit. Visit any OCBC Bank branch to make a placement now.
View foreign currency board rates
The minimum placement amount for the above SGD promotion is S$20,000. The maximum placement amount for all the above Time Deposit promotions is S$999,999 or equivalent. For deposits above S$1 million, please contact us at 1800 363 3333 or visit any OCBC Bank branch. This promotion is not available for placements via Supplementary Retirement Scheme (SRS) funds.
Minimum age
18 years old
Documents required
NRIC for Singaporeans and Singapore PRs
Passport and a valid pass (e.g. Employment Pass (EP) or S-Pass or Student Pass) for foreigners
Additional document
Include any one of the following documents that shows your residential address
Minimum placement
$5,000 in SGD currency
$5,000 in AUD, CAD, EUR, GBP, NZD, USD currencies
$50,000 in HKD currency
$250,000 in CNH currency
You will receive electronic versions of Letters for all your relationships/accounts.
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Yes, you can change the maturity instructions of your existing Time Deposit or make an early withdrawal. Simply visit any OCBC branches or complete this online form.
For early withdrawal of your Time Deposit, an early withdrawal fee may be applicable and you may receive lesser or no interest at point of withdrawal too.
You may renew your existing Time Deposit at the prevailing promotional rates if your Time Deposit is maturing in the next 5 days. Simply visit any OCBC branches or complete this online form.
If it has not been T+14 days from submission of application: It takes up to T+14 days for CPF FD placement to be processed. Your CPF-Ordinary Account (CPF-OA)/CPF Investment Account (CPFIA) will not be debited earlier and will only be debited at placement. Thank you for your patience.
The CPF Investment Account (CPFIA) agent bank will charge transaction fees and custodian fees. Customers can refer to CPFIA agent bank for the fees.
For OCBC CPFIA, please see the Schedule of Fees and Charges.
The first S$20,000 in your OA cannot be used. Your OA must have sufficient savings above this amount for the CPF FD principal + transaction fees.
The minimum is S$20,000.
The maximum is S$999,999. Customers can make multiple placements, one form per placement.
Foreign currency deposits are subject to exchange rate fluctuations that may provide opportunities and risks. Earnings on foreign currency deposits would be dependent on the exchanges rates prevalent at the time of their maturity if any conversion takes place. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency deposit is suitable for you in the light of your investment objectives, financial means and risk profile. Any pre-termination costs will be deducted from your deposit.
Promotional interest rate| Currency | Tenure (months) |
Apply via |
| Singapore Dollar (SGD) | 12 | Internet Banking Mobile Banking |
NRIC
Passport
Employment Pass (EP); or S-Pass or Student Pass
$5,000 in SGD currency
$5,000 in AUD, CAD, EUR, GBP, NZD, USD currencies
$50,000 in HKD currency
$250,000 in CNH currency
Phone bill
Half-yearly CPF statement
Any bank statement
Apply online or open your account at the branch to enjoy promotional rates.
For new customers
Apply at a branch with these supporting documents
For Singaporeans and Permanent Residents:
For foreigners:
Minimum placement:
Additional documents
Include any one of the following documents:
