All CPF members who

• are at least 18 years old;
• are not undischarged bankrupts; and
• have more than S$20,000 in their ordinary account (for investments under CPFIS-Ordinary account) and/or have more than S$40,000 in their special account (for investment under CPFIS-Special Account).

Terms and conditions

Terms and Conditions Relating to Investment Services
Notice of Revision of Additional Terms and Conditions Governing CPF Investment Scheme Account
Additional Terms and Conditions Governing CPF Investment Scheme Account (Effective 01 Feb 2019)
Terms and Conditions Governing Accounts and Services for Individual Customers
Additional Terms and Conditions Governing CPF Investment Scheme Account

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member.

This advertisement has not been reviewed by the Monetary Authority of Singapore

Policy Owner’s Protection Scheme

These policies are protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

This advertisement has not been reviewed by the Monetary Authority of Singapore.

CPFIS Approved Fund

The Central Provident Fund ("CPF") interest rate for the Ordinary Account ("OA") is based on the 12-month fixed deposit and month-end savings rates of the major local banks. Under the CPF Act, the CPF Board pays a minimum interest of 2.5% per annum when this interest formula yields a lower rate.

From 1 Jan 2008, the new interest rate for the Special, Medisave and Retirement Accounts ("SMRA") will be pegged to the yield of 10-year Singapore Government Securities plus 1% or 4%, whichever is higher.. An announcement was made by the Government in September 2010 to maintain the 4.0% floor rate for the SMRA until 31 December 2011. Thereafter, interest rates on all CPF account monies will be subject to a minimum rate of 2.5% per annum, as prescribed by the CPF Act. In addition, from 1 January 2008, the CPF Board will pay an extra interest rate of 1% per annum on the first $60,000 of a CPF member’s combined balances, including up to $20,000 in the OA.

From 1 July 2010, the first $20,000 in the Ordinary Account and the first $40,000 in the Special Account will not be allowed to be invested under the CPF Investment Scheme ("CPFIS").

Important notice and disclaimers

This publication is for general information and general circulation only and does not have any regard to the specific investment objectives, financial situation and particular needs of any specific person. This publication shall not be regarded as an offer, recommendation, solicitation or advice to buy or sell any investment product and shall not be transmitted, disclosed, copied or relied upon by any person for whatever purpose. Any description of investment products is qualified in its entirety by the terms and conditions of the investment product and if applicable, the prospectus or constituting document of the investment product. Nothing in this document constitutes accounting, legal, regulatory, tax, financial or other advice. If in doubt, you should consult your own professional advisers about issues discussed herein.

The information contained in this publication, including any data, projections and underlying assumptions, are based on certain assumptions, management forecasts and analysis of known information and reflects prevailing conditions as of the date of publication, all of which are subject to change at any time without notice. Although every reasonable care has been taken to ensure the accuracy and objectivity of the information contained in this publication, United Overseas Bank Limited (“UOB”) and its employees make no representation or warranty of any kind, express, implied or statutory, and shall not be responsible or liable for its completeness or accuracy. As such, UOB and its employees accept no liability for any error, inaccuracy, omission or any consequence or any loss/damage howsoever suffered by any person, arising from any reliance by any person on the views expressed or information in this publication.

This advertisement has not been reviewed by the Monetary Authority of Singapore.