facebookDo I get more interest if I top up my CPF in January vs in December? - Seedly

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Leo

09 May 2021

CPF

Do I get more interest if I top up my CPF in January vs in December?

When does CPF calculates the interest? Pro-rated to the time funds are contributed or at the end of the year?

Discussion (2)

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Top up in January is better than end of the year..

For example, one can start to top up your medisave at the start of January to earn 4% interest if you have extra bonus or 13 month bonus..

Tan Choong Hwee

06 May 2021

Investor/Trader at Home

CPF interest is computed monthly (i.e. if you top up SA in Jan, you earn 4%/12 each month starting from Feb), but credited and therefore compounded yearly. You will get more interests if top up in Jan vs in Dec.

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