Posted 2mo ago inGrowing your savings CPF Investment Schemes

How will the restriction on investments for the first $20,000 in Ordinary Account and the first $40,000 in Special Account affect me?

cpf

Source: https://www.cpf.gov.sg/memberLast updated 2mo ago

The first $60,000 of your combined CPF accounts earns an extra 1% interest. To enable members to earn extra interest, only monies in excess of $20,000 in your Ordinary Account (OA) and $40,000 in your Special Account (SA) can be invested.

However, you can continue to service your agent bank fees and regular premium insurance policies (excludes recurring single premium insurance policies or regular savings plans for unit trusts) even if your OA balance falls below $20,000.

If you have already made investments using your OA or SA balances, you are not required to sell these investments.

This information provided here is sourced from the CPF website.

Let other citizens know if this answer was helpful

Did this answer your question?

Can’t find what you’re looking for?

How will the restriction on investments for the first $20,000 in Ordinary Account and the first $40,000 in Special Account affect me?

Related Questions

How much extra interest can I earn on my CPF savings?

If there are adjustments under CPF Investment Scheme in my Ordinary or Special Account, what interest rate will be used?

Which of my CPF accounts can I use to participate under CPF Investment Scheme - Ordinary Account (CPFIS-OA) or CPF Investment Scheme - Special Account (CPFIS-SA)?

Can I continue to use my CPF monies to pay for the quarterly bank charges even if I do not have $20,000 in my Ordinary Account?