- Personal Banking
- Accounts
- Time Deposit
Secure higher returns for your money
- Why you will love this
- Who can apply
Why you will love this
Your choice of a foreign currency or SGD time deposit
Enjoy higher interest compared to a regular savings account
Who can apply
Anyone above 18 years old
Singaporean, Singapore PR or foreigner with a valid pass
Apply online
With secured returns come greater peace of mind. Secure tomorrow's gains by taking action today.
Time Deposit (Fixed Deposit) Rates
- Currency
- Banking type
- Promotion interest rate a year
- Minimum placement amount
- Apply via
| SGD Time Deposit Rate | |||||
| Currency | Tenure (months) | Banking type | Promotion interest rate a year | Minimum placement amount | Apply via |
| Singapore Dollar | 6, 8 or 12 | Branch | 2.30% | S$30,000 | Any OCBC Branch |
| Singapore Dollar | 6 or 12 | Online | 2.60% | S$30,000 | Internet Banking OCBC Digital app |
| Singapore Dollar | 8 | Online | 2.80% | S$30,000 | Internet Banking OCBC Digital app |
| CPF Time Deposit Rate | |||||
| Currency | Tenure (months) | Banking type | Promotion interest rate a year | Minimum placement amount | Apply via |
| Singapore Dollar | 12 | Online | 2.80% | S$30,000 | OCBC Digital app (using CPF Ordinary Account Funds) OCBC Digital app (using CPF Ordinary Account Funds) |
You can now place a SGD Time Deposit with your CPF Ordinary Account funds even if your CPF Investment Account is with other banks. Apply via OCBC Digital appOCBC Digital app to make a placement now.
View SGD board rates
View foreign currency board rates
The minimum placement amount for the above SGD promotion is S$30,000. The maximum placement amount for the above Time Deposit promotion 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.
HOW TO PLACE A time deposit (TD) VIA OCBC Digital
Make a new TD placement by following these simple steps:
HOW TO APPLY FOR CPF TIME DEPOSIT
My CPF Investment Account is with
My CPF Investment Account is with
- OCBC
- other banks
HOW TO APPLY FOR OCBC Digital
If you don’t have OCBC Digital, you can refer to this step-by-step guide on how to apply for OCBC Digital access:
Bank safely with OCBC Money Lock
Safeguard your SGD Time Deposit account(s) with our anti-scam security feature
Use OCBC Money Lock to secure your Time Deposit for greater peace of mind. Lock your account(s) to prevent changes to maturity instructions – or any unauthorised withdrawals before placement matures – from being made digitally.
Find out more
Before you apply
Eligibility requirements
Minimum age
18 years old
Documents required
NRIC and an image of your signature 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
- Phone bill
- Half-yearly CPF statement
- Any bank statement
Deposit requirements
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
Letters
You will receive electronic versions of Letters for all your relationships/accounts.
Terms and conditions
Terms and conditions governing Deposit Accounts
Terms and conditions governing Electronic Banking Services
Terms and conditions governing OCBC Time Deposit Promotional Rates
Terms and Conditions Governing the OCBC Online Time Deposit Promotion Code
Important notices
Insured Deposits Register
Fees and charges
Foreign Currency Deposits
Deposit Insurance Scheme
Banking services
Banking services
ways to apply
Open your Time Deposit (Fixed Deposit) Account today
Apply online
Apply online
or visit us at a branch with these documents.
Locate a branch
Please download OCBC Digital app
Alternatively, you may log in to OCBC Internet Banking via desktop.
FAQs
Common questions
More questions and answers
Can I make changes to an existing Time Deposit?
Yes, you can change the maturity instructions multiple times via OCBC Digital app or at any OCBC branch, up to 2 working days before maturity.
For early withdrawal of your Time Deposit, you can do it via OCBC Digital app. Please note that an early withdrawal fee may be applicable and you may receive lesser or no interest at point of withdrawal too.
Can I renew my Time Deposit upon maturity and at prevailing promotional rates ?
You may renew your existing Time Deposit at the prevailing promotional rates if your Time Deposit is maturing in the next 5 days. Simply submit your request via OCBC Digital app.
You may refer to the frequently asked questions on renewal at promotional rates.
I have submitted my application for CPF Fixed Deposit (CPF FD). Why is my CPF Ordinary Account (CPF OA) not yet debited/why is the CPF FD placement not done yet?
Your CPF FD will be processed within 3 working days upon submission of your application. Your CPF Investment Account (CPF-IA) will not be debited when the application is submitted and will only be debited once the application for CPF FD placement is successful. Thank you for your patience.
Are there any fees for placing CPF Fixed Deposit (CPF FD)?
For placement of CPF FD, there are transaction and custodian fees which are chargeable by your CPF Investment Account (CPF-IA) agent bank. You may check with your CPF-IA agent bank for more details on the fees.
If you have your CPF-IA with OCBC, you may refer to the Schedule of Fees and Charges.
What are the CPF Ordinary Account (CPF OA) balances I can use for placing into CPF Fixed Deposit (CPF FD)?
The first S$20,000 in your CPF OA cannot be used for placing into CPF FD. You can only invest CPF OA balances above S$20,000, taking into account the CPF FD Principal amount and transactions fees.
What is the minimum and maximum placement amount I can put in CPF Time Deposit (CPF TD)?
The minimum is S$30,000, up to a maximum of S$999,999 per placement. You may place multiple placements with one instruction form per placement. Each placement is one transaction.
How can I withdraw an existing Time Deposit?
You may refer to the frequently asked questions on withdrawal of Time Deposit.
More questions and answers
Foreign Currency Deposits
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 |
1
For Singaporeans and Permanent Residents:
NRIC and an image of your signature
For foreigners:
Passport
Employment Pass (EP); or S-Pass or Student Pass
2
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
3
Include any one of the following documents:
Phone bill
Half-yearly CPF statement
Any bank statement
- For OCBC customers
- For new customers
For OCBC customers
Apply online or open your account at the branch to enjoy promotional rates.
Log in
or
For new customers
Apply at a branch with these supporting documents
For Singaporeans and Permanent Residents:
- NRIC
For foreigners:
- Passport
- Employment Pass (EP); or S-Pass or Student Pass
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
Additional documents
Include any one of the following documents:- Phone bill
- Half-yearly CPF statement
- Any bank statement
Locate a branch
Scan to start application:
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