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Glossary term

CPF Ordinary Account

Singapore CPF savings, housing + retirement

🇸🇬Singapore · YA 2027Reviewed Plain-English
Definition

What is CPF Ordinary Account?

OA is one of three CPF sub-accounts. Earns 2.5% guaranteed, used for HDB/private property down payment, mortgage servicing, insurance premiums, and kids' education. First $20,000 earns 3.5% (extra 1% bonus). Balances over 55 can be used for retirement income via CPF LIFE.

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