facebookIs it advisable to transfer all the funds from your OA to SA to earn the higher interest rate to grow our CPF funds? Are there any things that I have to be mindful of before doing so? - Seedly

Advertisement

Anonymous

18 Apr 2019

Events

Is it advisable to transfer all the funds from your OA to SA to earn the higher interest rate to grow our CPF funds? Are there any things that I have to be mindful of before doing so?

Discussion (5)

What are your thoughts?

Learn how to style your text

Nicholes Wong

02 Mar 2019

Diploma in Business Management at Nanyang Polytechnic

It is good to transfer for it to grow. But u will not be able to undo the transfer so be wary of that.

For property purchases, its also good to leave buffer in CPF OA (if you are paying the loan on cash). This helps cover the loan when you get hit by retrenchment.

Charmaine Ng

02 Mar 2019

The Value Maximizer at @ Every Ma La Xiang Guo Stall

If you are planning to buy a HDB in near future with your CPF you may want to avoid doing that. Tran...

Write your thoughts

Advertisement