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OCBC offers fixed deposit placements for CPF ordinary account savings at 3.4% a year

Tay Peck Gek

Tay Peck Gek

Published Wed, Nov 16, 2022 · 09:31 AM
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COMPETITION for cash has gone beyond the savings in customers’ bank accounts, with OCBC : O39 0% now asking Central Provident Fund (CPF) members to convert their Ordinary Account (OA) savings into fixed deposits at the bank paying 3.4 per cent per annum.

Amid the competition for cash, as saver…

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