OCBC bank

From Wednesday (8 Feb), OCBC Bank is offering Singaporeans a promotional 3.88% interest rate a year on their Central Provident Fund (CPF) Ordinary Account ...

Prior to these changes, customers who wanted to use CPF funds to buy T-bills had to do so in person, causing long lines at banks. Besides that, CPF members can also choose to transfer OA savings to their SA or Retirement Account (RA), as this will yield higher risk-free interest of up to 6% a year. [DBS](https://www.dbs.com.sg/personal/support/investment-sgs-apply.html?pid=sg-dbs-help-support-home-featured-article-cardtile) was the first bank to allow customers to invest their CPF OA savings in T-bills in late January. Speaking to ST, OCBC said customers would be able to use their mobile apps or Internet banking accounts to invest their OA and Special Account (SA) funds in T-bills from March. [The Straits Times (ST)](https://www.straitstimes.com/business/ocbc-offers-new-option-to-customers-to-earn-higher-interest-from-cpf-funds), as long as customers have a minimum of S$20,000 in an OCBC bank account for eight months from Wednesday (8 Feb), they can get a promotional rate of 3.88% a year. From Wednesday (8 Feb), OCBC Bank is offering Singaporeans a promotional 3.88% interest rate a year on their Central Provident Fund (CPF) Ordinary Account (OA) savings.