Can I use CPF savings to place Fixed Deposits under the CPF Investment Scheme?
You can use your CPF savings to place Fixed Deposits (FD) with any of the four Fixed Deposit Banks (DBS, Maybank, OCBC and UOB) under the CPF Investment Scheme (CPFIS). However, none of the FD banks are currently offering FD products under CPFIS.
This information is sourced from CPF
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