Maybank becomes first foreign bank to offer fixed deposits for CPF funds

Maybank becomes first foreign bank to offer fixed deposits for CPF funds

The New Paper - Singapore·2024-01-16 12:01

Maybank Singapore has become the first foreign bank to offer fixed deposits for funds from the Ordinary Account (OA) of the Central Provident Fund (CPF).

The bank is promising a fixed deposit rate of 2.9 per cent per annum for a minimum placement of $20,000 in OA funds for 12 months.

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Singapore Bank CPF