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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CZ

Chloe Z

Level 4

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)

What are your thoughts?

Jiayee

Jiayee

06 Jan 2021

Level 11·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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