Hi Celine,
If you wish to make a deposit into your CPF OA account, you can only do so by a Voluntary Contribution. There is no possible way of contributing solely to your OA account.
If you wish to transfer to your OA, your contribution be allocated into all 3 CPF accounts (OA, MA and SA) based on the prevailing contribution percentage for your age. (For more info, you can refer to the CPF website).
As such, I would think that topping up to just your SA or MA would be better since it earns you a higher interest rate.
Ultimately, it depends on what your goals are, and whether you are mainly focused on saving up for your house in the future.
Hi Celine,
If you wish to make a deposit into your CPF OA account, you can only do so by a Voluntary Contribution. There is no possible way of contributing solely to your OA account.
If you wish to transfer to your OA, your contribution be allocated into all 3 CPF accounts (OA, MA and SA) based on the prevailing contribution percentage for your age. (For more info, you can refer to the CPF website).
As such, I would think that topping up to just your SA or MA would be better since it earns you a higher interest rate.
Ultimately, it depends on what your goals are, and whether you are mainly focused on saving up for your house in the future.