We recommend you retain $20,000 in your OA as it can act as an emergency fund, while earning a risk-free interest of up to 3.5%*.
In the case of any unexpected scenarios such as a sudden loss of income, you can use it to continue paying for your monthly instalments, minimising disruptions to your housing loan payments and providing you with peace of mind. OA savings not utilised can boost your retirement payouts in future.
*Members will earn an extra interest of 1% per annum on the first $60,000 of combined CPF balances (capped at $20,000 for OA). Extra interest earned from OA balances will go into your SA.