Is SkillsFuture Credit (SFC) a cash account? Will the SFC earn interest?
SFC is not a cash account and it will not earn any interest. SFC can be used to offset out-of-pocket course fees when attending approved courses. You cannot withdraw cash from this account to pay your Training Partner as the transactions will be made directly through MySkillsFuture.
This information is sourced from SKILLSFUTURE
Related questions
Can SkillsFuture Credit (SFC) be used to pay for course registration fees or course materials?
Will my SkillsFuture Credit (SFC) be accrued to my CPF account when I retire?
The Training Provider insists that I pay cash up-front for a course that is eligible for SkillsFuture Credit (SFC). Is this allowed?
Can I use my SkillsFuture Credit (SFC) for a course which has commenced or a course which I have already attended?
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