Earn Higher CPF Interest

If you have sufficient money in your CPF Ordinary account to pay for housing, it is best to transfer extra money from ordinary account to CPF Special account to earn higher interest rate at 4.08% from now till 31 March 2024 which is higher than CPF Ordinary account 2.5% interest.  However this process of transferring CPF ordinary to special account is irreversible.

Click CPF website here for more information.

Dollars and Sense : Step-by-Step Guide To Transferring CPF Ordinary Account (OA) To Special Account (SA) here