Introduction 

CPF is a compulsory savings and pension scheme for working Singaporeans and permanent residents. The benefit of having your savings in CPF is the risk-free interest given. Albert Einstein famously once said “Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn’t, pays it.” CPF is essential as it can be used to help fund retirement, healthcare, and housing needs for Singaporeans and Permanent Residents(PR). The Ordinary Account(OA)- It gives an interest rate of 2.5% You can use the money here to buy house, insurance, investment etc The Special Account (SA)-. It rewards an interest rate of 4%. It is strictly for retirement. While it is a good idea to let your money compound using CPF scheme, you can try to invest in blue chip companies that pay a higher interest rate. However, there are few caveats you should note. First, investing carries risk.