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!

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Jiayee

30 Nov 2020

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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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?

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?

For CPF, after age 55, can top-up any amount in SA account to earn the 4% interest rate, eg $50k? And afterwhich can withdraw any amount anytime? Or have to top-up just below age 55?

If my CPF SA account is already at FRS ($181k), can i deploy or invest some money from SA account so that the SA sum is below FRS amount and then top up $7k cash to qualify for tax exemption?

Transfering Ordinary Account to Special Account to earn higher interest, Do it diligently monthly or annually? Which is better? Any different?

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?

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?

For CPF, after age 55, can top-up any amount in SA account to earn the 4% interest rate, eg $50k? And afterwhich can withdraw any amount anytime? Or have to top-up just below age 55?

If my CPF SA account is already at FRS ($181k), can i deploy or invest some money from SA account so that the SA sum is below FRS amount and then top up $7k cash to qualify for tax exemption?

Transfering Ordinary Account to Special Account to earn higher interest, Do it diligently monthly or annually? Which is better? Any different?