Years ago, I used to hate the concept of CPF deduction from my part time job, as I felt that it is eating 20% of my salary away which I could channel it into buying things I love. However, I do realize that after 3 or 4 years of working in part time jobs that has taken my CPF, lately I’ve fallen in to love with what it is able to do for me. Also the sweet 17% additional contribution from my employers is doing great inside too.
Let’s have a look at the various types of CPF Account:
There’s 3 different type of CPF Accounts:
Ordinary Account (OA) Medisave Account (MA) Special Account (SA) Adopted from CPF Website Now let’s take a look at the different interests each account is able to offer you.
Now, knowing that the OA offers 3.5% interest