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Tan Choong Hwee
06 May 2021
Solutions Specialist at Providend
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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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..