If you’ve ever used your CPF savings to buy a property, you might be sitting on a ticking time bomb without even realising it – CPF accrued interest. In this post, you’ll discover:

• What CPF accrued interest is and why it matters
• How it can significantly impact your finances when you sell your property
• Strategies to reduce or avoid CPF accrued interest altogether

  If you’re curious about how CPF accrued interest could affect your future plans, keep reading – you won’t want to miss this. What is CPF accrued interest & how does it work? The CPF accrued interest is the interest your CPF savings would have earned if you hadn’t used them for your property purchase. Here’s how it works. The CPF Ordinary Account (OA) typically offers an interest rate of 2.5% per annum. So, every dollar you withdraw from your CPF to finance your home would have otherwise been earning that 2.5% interest while sitting safely in your account. Why?...