![]() It only equates to $5 more per $10,000ģ) Application is to be done in person at the bank - Opportunity Cost If your CPF balance is below $20,000, you should leave it in CPF as the upside It is the current cap at $20,000 for OA.įor CPF members above 55, the Government pays an extra 2% interest in theįirst $30,000 of the combined balance (capped at $20,000 for OA) ![]() The net return is 2.372% or 3.55%įor every 10,000, you will gain $ 237.20 vs $166.67.Ģ) CPF pays an extra 1% on the first $60,000 of members' combinedįor CPF members below 55, you can earn interest rates of up to 3.5% per annum Effectively, that is approximately one month's worth of interest orĪ 3.88% 8-month FD effectively yields 2.58%. You will lose interest for Feb from CPF AND interest for Octįrom CPF. Place FD on 15 Feb for 8 months till 15 Oct. In this month will not earn any interest from this month onwards. Received this month only earn interest the next month. For instance, contributions (including refunds) ![]() CPF balances used for interest computation are affected by the Note before heading to the bank to make a deposit.ĬPF interest is computed on a monthly basis and credited by 1 Jan theįollowing year. While this may sound like a great deal, there are a few things you need to OCBC is now offering 3.88% for 8 months of Fixed Deposit using CPF and 3.4%įor 12 months Fixed Deposit.
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