Invest CPF money with low risk

Dear Mr Tan,

My wife has just collected her CPF and would like to deposit or invest in a short term low risk instrument- preferably not more than 3 years with capital protection. Could you please advise.

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My reply:

I suggest that your wife invest in the money market fund through flexi-cash with NTUC Income. I invest most of my money in this fund. It earns about 3% to 3.5% p.a. and has no lock up period.

Although it is not capital protected, the risk is very, very small.

You can find out more of this product at www.income.coop/faq

You can also visit the business center of NTUC Income at Bras Basah Road.