When is the best time to top up to maximise the growth of my savings?
You should top up as early as possible to benefit from the power of compound interest over the years.
You can also earn more interest if you top up earlier in the year. For example, if you top up in January each year instead of in December, you can earn up to 20% more interest on your top-ups in 10 years.
* Based on Retirement Account interest rates of up to 6% per annum, with $8,000 annual top-up, and $0 starting CPF balances.
Top up early to avoid potential delays in the processing of your application during the year-end rush.