Anonymous
Seems like many people are talking about it. But what exactly are the benefits of doing that?
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HC Tang
15 Sep 2018
Financial Enthusiast, Budgeting at The Society
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Charmaine Ng
14 Sep 2018
The Value Maximizer at @ Every Ma La Xiang Guo Stall
For me I'd be topping cash into the CPF for the compound interest rates to work its magic through the years.
To put it bluntly; look, we're already in the race since we started work and with CPF being used for Housing, education and at a interest rates that is much more higher than our local banks..(let's not forget the bonus 1% for first 20K under OA etc.), it makes sense that we utilize the higher interest rates (with our government no less - who has one of the top credit rating worldwide).
That said, there are always people who says that you could invest in other instruments and get back to 8-15% returns - but those are non-guaranteed and has much higher risk. For every investment there comes a risk but the CPF is one that a lower risk while still giving a decent amount of interest rates without me having to meddle too much with it.
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Jeff Yeo
14 Sep 2018
amateur Social contributor at School of social sharing
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This is good because it's risk free (since by CPF , government ), guaranteed 4%.
I'll use it for the sake of the above 2 reason and mainly #2 so that when retire have enough $ back monthly.
Go CPF website sign up their newsletter, they have roadshow all the time in neighbour centre so you can go ask them more questions and attend their talk to find out more.