The monies in your CPF Ordinary Account (OA) earn a steady interest rate that is all but guaranteed. OA funds earn a base rate of 2.5 per cent per annum - a rate that has remained unchanged ever since its inception. Also, you will get an additional one per cent on the first $60,000 of your combined OA and SA.
Here s How to Invest Your CPF-OA, (and What You Can Invest it In) theindependent.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theindependent.sg Daily Mail and Mail on Sunday newspapers.
You might be curious if there is any way to maximise the current high interest rates using your CPF money. After all, 2.5 per cent and 4 per cent per annum for your CPF Ordinary Account (OA) and Special Account (SA) respectively were much more attractive back when bank interest rates were low. Now, with fixed deposits from private financial.
Minimum investment amount: $10,000
Types of funds Endowus offers: Funds from reputable fund managers such as Dimensional Fund Advisors and PIMCO. Full list of funds here.
Management fee: 0.60 per cent for first $200,000 or 0.40 per cent flat fee for any amount for CPF or SRS money
Endowus Cash Smart projected returns after all fees:
Core: 0.9 per cent to 1 per cent p.a.
Enhanced: 1.5 per cent to 1.7 per cent p.a.
What can you invest? Cash, CPF and SRS
Here are the pros and cons of using Endowus for your investment needs.
Pros of investing with Endowus
Cons of investing with Endowus
Access funds from respectable fund managers otherwise only available to institutional investors
December 22, 2020
A woman holds a stack of $50 Singapore dollars.
NP file
How much do you know about the CPF Scheme?
Known to be both massive and complicated, the Central Provident Fund (CPF) Scheme is not easily understood by many.
Especially for Singaporeans who’ve just embarked on your #adulting life, you probably have no clue what you should know about CPF.
For working adults and those approaching retirement, you should already have a substantial amount of funds in your CPF account.
PSA: Rather than let your money stay stagnant in your CPF fund, did you know that you have the option to use your money for investments?