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Hi,
I would like to understand how easy is it to use our CPF OA amount to invest using Endowus?
As compare to the CPF OA interest 2.5% pa, is Endowus perform better if we invest using Endowus?
How fast is the withdrawal back to CPF OA account, if you intended to use this amount to buy a house in 3yrs time?
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Tan Choong Hwee
Edited 02 Oct 2021
Solutions Specialist at Providend
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It is pretty easy to invest using CPF OA in Endowus. If you have your own CPFIS Investment account, just link it in Endowus; if not, Endowus will open an UOB investment account for you as part of the account opening process. Then you just set up a goal to invest in their advised portfolio for CPF and you are done.
Endowus will show you the performance chart for various return projection. Typically better returns than OA 2.5% pa.
Sell and withdraw your OA investment takes about 6-8 business days:
https://endowus.com/support/360000663893-how-do...