Your CPF savings could be your most dependable asset, and it can work even harder. Transferring funds from your Ordinary Account (OA) to Special Account (SA) can add up over time, as this comparison shows.
Figures are based on the current floor interest rate of 2.5% and 4% per annum on Ordinary Account (OA) and Special Account (SA) respectively. Actual amount of CPF savings you can transfer depends on your top-up limit. Actual balances will vary based on individual CPF usage.
The smartest first move? Optimise what's possibly your most stable asset.
Figures are illustrative and based on the prevailing CPF floor interest rates of 2.5% per annum for the OA and 4% per annum for the SA, compounded monthly. Actual returns will vary if CPF interest rates change, and investment returns through CPFIS are not guaranteed. Individual outcomes will vary based on CPF usage and financial decisions.
You've seen how simple moves can grow your savings. With the Retirement Payout Planner, project your monthly payouts and get personalised suggestions to grow your retirement savings.
Timothy from DollarsAndSense shares his own journey and what to consider before investing your CPF savings with the CPF Investment Scheme.
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