Scheduled Maintenance: CPF digital services will not be available on 4 June 2023 from 12am to 8am.

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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).

Please approach the Fixed Deposit Banks directly to check if they are offering any FD under CPFIS, their FD rates and for placement of the FD. You can place the FD even if the Fixed Deposit Bank is not your CPFIS-OA agent bank.