Looks like the field of battle is expanding to include CPF funds. OCBC is offering the Time Deposit for CPF Funds.
Application has to be made physically at bank branches, 3.4% p.a. for 12 months, minimum SGD20,000.
Oddly enough, the website did not state explicitly the fees involved for CPF products, which you should definitely ask if you are interested in applying.
Oddly enough, the website did not state explicitly the fees involved for CPF products, which you should definitely ask if you are interested in applying.
These product is obviously not the same as your normal fixed deposits and you should look at them as different tools for your personal finance needs. You should also read the conditions very carefully, as they are much more complicated. Caveat Emptor.
None of the above should be construed as investment advice. Do your own due diligence as I will not be responsible for any loss/risk.
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