Your support of our broker partners allows us to keep the insights on our site free.Fixed Deposits aka Time Deposits are interest generating bank accounts with a pre-determined maturity.

Maintain your deposit for 30 days to get another US$20-200. Open a Webull stock brokerage account and receive a welcome gift of US$50-500. Join the Beansprout Telegram group if you have more questions or would like to get more expert tips like these! Take your investing to the next level You may read more about our thoughts on applying for the OCBC fixed deposit using your CPF OA funds here. Where can I find out more about applying for OCBC fixed deposit or the Easy Q? Check out our guide on how to do so here. One potential alternative to consider is to apply for Singapore T-bills using your CPF OA savings.ĭBS now allows you to apply for T-bills using your CPF OA savings through internet banking. What if I still find that this is too much of a hassle? If you do not have a CPFIS account, read our guide on how to set up a CPFIS account. This may include your NRIC or Singpass, as well as your CPFIS number. To make the process as smooth as possible, you would need to have the necessary documents ready. Some of the community members who have applied for fixed deposits at OCBC using CPF OA funds said that the process takes about 20-30 minutes. How long does it take to apply for OCBC fixed deposit using CPF OA funds after my queue number is called? You can still use Easy Q even if you do not need a mobile banking account to use Easy Q. If you do not have the OCBC mobile banking account, do not worry! The other function of Easy Q is that it will also display the queue situation of each branch.ĭo I need a OCBC internet banking account to use Easy Q? Your queue status will be updated on your digital queue ticket on Easy Q. Step 7: Enter a valid mobile number to take a digital queue ticket. Step 4: Make a selection for Personal Banking or Premier Banking queue. How to take a queue ticket with OCBC Easy Q? Step 1: Launch the OCBC Mobile Banking app Step 2: Tap on 'More services'. Let’s go through how this can be done in a few easy steps. So here’s the good things must share: With OCBC Easy Q on OCBC Mobile Banking, you can take a digital queue ticket before you arrive at the branch. The good news is that one of the helpful members in the Beansprout group shared an excellent way to skip the wait in the branch. Some in the Beansprout community who have already done so came back sharing that they had to wait for up to 3 hours. After news broke that OCBC will be offering a 8-month fixed deposit at 3.88% for CPF OA funds, many Singaporeans have been rushing down to the branches to lock in the higher interest rates.

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