Is there any difference in interest when you top up your CPF SA on 1 January vs 31 January?

Is there any differences in interest when you top up your CPF special account on 1 January vs 31 January?

Discussion (3)

What are your thoughts?

Learn how to style your text

Elijah Lee

04 Jan 2021

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

There is no difference. They will only start to receive interest in the following month. As long as the money is received by the end of the month, the effect is the same as having the monies received at the start of the month.

Save

Jiayee

02 Jan 2021

Salaryman at some company

To the best of my knowledge, there's no difference as long as you top up within the same month.

Save

Wrong Sean

02 Jan 2021

The top up amount only earns interest the following month. You may want to top up at the end of the ...

Write your thoughts

What is the difference if I top a fixed amount every month to my CPF special account VS a lump sum of 7K before end January? How is the interest rate calculated? Which option is better?

What is the reason why CPF say by topping up your CPF SA in January each year earn more interest? Does that mean other month I will earn less interest?

Is there any difference in interest if i top my CPF SA or RA account with cash? If not, how would u choose whether to top up SA or RA account?

I want to top up my parent's RA. Is there much difference in interest rate if i do it every month vs 1 lump sum for 1 year by doing it in Jan?

For CPF LIFE payouts, If I already have the ERS amount in my SA at 55, what is the difference if I top up RA to ERS at 55 VS topping up to ERS only at 64 before payout?

What is the difference if I top a fixed amount every month to my CPF special account VS a lump sum of 7K before end January? How is the interest rate calculated? Which option is better?

What is the reason why CPF say by topping up your CPF SA in January each year earn more interest? Does that mean other month I will earn less interest?

Is there any difference in interest if i top my CPF SA or RA account with cash? If not, how would u choose whether to top up SA or RA account?

I want to top up my parent's RA. Is there much difference in interest rate if i do it every month vs 1 lump sum for 1 year by doing it in Jan?

For CPF LIFE payouts, If I already have the ERS amount in my SA at 55, what is the difference if I top up RA to ERS at 55 VS topping up to ERS only at 64 before payout?