Hey there, CPF savers! Are you looking for ways to grow your CPF savings faster and have more fun while doing it? Look no further! This guide has got you covered.
Earn stable interest
Did you know that you can earn up to 5% per annum interest on your CPF Special Account (SA) savings if you’re below 55? And if you’re 55 and older, you can earn up to 6% per annum! That’s a pretty good deal, considering that most savings accounts don’t even offer half that.
Get free money from the government
The Singapore government is also generous enough to top up your CPF savings through the Workfare Income Supplement (WIS) Scheme. This scheme is designed to help low-income workers save more for retirement, housing, and healthcare.
Make cash top-ups
Another way to boost your CPF savings is to make cash top-ups. You can top up your Ordinary Account (OA), SA, and MediSave Account (MA), or just your MA. Even if you’re not working or don’t have regular CPF contributions, you can still earn interest on your cash top-ups.
Invest your CPF savings
If you’re feeling adventurous, you can also invest your OA and SA savings in a variety of investment products, such as stocks, bonds, and unit trusts. This can be a great way to grow your savings faster, but it’s important to do your research and understand the risks involved before you invest.
Voluntary housing refund
If you’ve used CPF savings to buy a house, you can also make a partial or full voluntary refund. This means that you’ll get your CPF savings back, plus interest. This can be a good option if you’re looking to boost your retirement savings or pay off your mortgage faster.
Now, for the fun part!
Here are a few fun ways to grow your CPF savings:
So, there you have it! A fun and professional guide to growing your CPF savings. Get started today and watch your savings grow!
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