facebookFor CPF top-up, is there any difference of interest earned in the SA/MA when I top-up on the last day of the calendar month, rather than first day of the month? - Seedly

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Anonymous

28 Jul 2020

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CPF

For CPF top-up, is there any difference of interest earned in the SA/MA when I top-up on the last day of the calendar month, rather than first day of the month?

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Cryotosensei

31 Jan 2023

Blogger at diaperfinancingfund.blogspot.com

Doesn't matter. Interest earned for a particular month is based on your lowest account accrued. So if my initial amount is $100k n I top up $3k, my interest earned for that month is still based on $100k n not $103k

https://www.cpf.gov.sg/members/FAQ/schemes/othe...

For instance, contributions (including refunds) received this month start earning interest next month. Withdrawals/deductions in this month will not earn interest from this month onwards.

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