Today's TIP will be on: Earning more Interest with my CPF Ordinary Account (OA).
This tip is proposed by one of our readers, who asked the question: is it wise to transfer my money in OA into SA?
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There is a scheme in the CPF that allows you to transfer your money in your OA account to your Special Account (SA).
Benefit:
1) Higher Interest - SA gets 4% while OA gets 2.5%.
Considerations:
1) Money transferred from OA to SA cannot be transferred back - its a one-way traffic.
You will only be able to get the ......