Anonymous

16 Nov 2019

∙

What is the maximum amount that you can have in CPF special account that would earn 4%?

I.e. if you have 300k in the special account, would all of 300k earn 4%?

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Elijah Lee

16 Nov 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

All monies in CPF SA will earn 4%, regardless of how much you have. That is why a parent who tops up a child's SA from young will really benefit from compounding. An extra 1% will then be earned on the first $60K, in the following priority: CPF RA, CPF OA (Up to 20K), CPF SA and lastly CPF MA.

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Hariz Arthur Maloy

16 Nov 2019

Independent Financial Advisor at Promiseland Independent

Yes all 300k will earn 4% and then you'll get an additional $600 for the bonus 1% interest on the first 60k.

So effectively, 12600 of interest.

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Kelly Trinh

15 Nov 2019

Backoffice technical at financial services firm

The 4% applies to the entire balance of the SA. It is the additional interest of 1% which is limited...

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