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Wu Junxiang

07 Jun 2020

∙

Is there any difference if I volunteer to top up my CPF between the month of December and the following month January in terms of interest rates?

I was told that if I top up my CPF in the month of December I will collect less interests compared to January. Is that true? Why is that so? Is the interest for the whole year based on the total fund in your account?

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Cryotosensei

31 Jan 2023

Blogger at diaperfinancingfund.blogspot.com

My best practice is to top up $168.88 to my CPF every January first. For auspicious reasons. Huat ah!

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Elijah Lee

06 Jun 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Junxiang,

CPF interest is computed monthly. It is then credited to your respective accounts and compounded annually. CPF interest earned in the year will be credited to your CPF accounts by 1 January of the following year.

Thus, if you top up in Dec 2020, your interest on the added monies will be pro-rated for 1 month. If you top up in Jan 2020, your added monies will get interest for the full duration of 2020.

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