facebookAny thoughts on using CPF to earn interest? Will I still earn good interest if I pump cash into my CPF monthly? - Seedly

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Chloe Z

06 Jan 2021

CPF

Any thoughts on using CPF to earn interest? Will I still earn good interest if I pump cash into my CPF monthly?

Reason being my CPF will still be the main bank for HDB is because of the unstable disposable amount?

Discussion (1)

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Jiayee

06 Jan 2021

Salaryman at some company

I will only top up CPF when there are multiple incentives e.g.

  1. Risk-free interest (especially SA's)

  2. Additional 1% interest (because I just started working in 2019)

  3. Significant tax relief

For housing, I prefer a longer loan to increase cash flow. But if I stay employed, my (+ husband's, don't know if can split the deduction) monthly CPF contributions can cover the instalment.

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