This complete guide to the CPF Ordinary Account (OA) will take you through what the OA entails, its interest rates, what it can be used for, repayment and investment options, as well as some frequently asked questions. What is the CPF Ordinary Account? The CPF OA is 1 out of the 3 accounts in Singapore’s national saving scheme. Besides using the CPF OA to grow your retirement savings, you may tap into its funds to pay for housing, education and insurance. The CPF OA is where most of your CPF contributions are channelled to when you earn your monthly salary. The proportion of monthly CPF contribution your OA receives is dependent on your age. Once you turn 55 years old, the funds in your OA will be combined with funds in your CPF Special Account (CPF SA) to form your CPF Retirement Account (CPF RA). CPF Ordinary Account Interest Rates...