The CPF Ordinary Account (OA) is a useful place to park your money.
Not only does it offer a steady 2.5% interest rate, but it is also guaranteed by the Singapore government, making it a near risk-free return.
But with inflation rearing its ugly head, this level of return will not suffice for the long term.
You have the option of investing your CPF money by opening a CPF Investment Account (IA).
By searching for companies that pay out healthy dividends, you have the opportunity to enjoy a yield that’s higher than what the CPF OA offers.
Here are three companies that sport dividend yields higher than 2.5%.
Boustead Singapore Limited (SGX: F9D)
Boustead Singapore Limited, or BSL, is an engineering conglomerate with four main divisions — energy-related engineering, real estate solutions, geospatial technology, and healthcare.
The group recently reported a somewhat downbeat set of earnings for its fiscal 2022 first half (1H2022)....