facebookWhat 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? - Seedly

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Anonymous

30 Nov 2020

Retirement

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?

How is the interest rate calculated for CPF special account? Thank you!

Discussion (1)

What are your thoughts?

Jiayee

Jiayee

30 Nov 2020

Level 11·Salaryman at some company

The earlier the better. Interest is deposited only after the current year but it takes into account the number of full months the $$ has been in the account.

But be careful not to tighten your cashflow too much!

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