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from cpf website:
""As part of the government's efforts to enhance the retirement savings of CPF members, an additional 1% interest will continue to be paid on the first $60,000 of a member’s combined balances, with up to $20,000 from the Ordinary Account (OA). ""

so even if your cpfoa is presently zero balance, u still can earn that extra 1% from 60K from your ma & sa.

(27-05-2014, 10:01 PM)pantoo Wrote: [ -> ]Hi ghchua,

thank you for your reply. I will look out for these funds... and do you know if I am able to purchase these bond funds directly from the agent bank? (e.g. OCBC)

Don't try to buy direct from your agent bank. They will normally charge you a sales charge and it is not worthwhile to pay sales charge for a short term bond fund.

(28-05-2014, 10:57 AM)ghchua Wrote: [ -> ]Hi ghchua,

Don't try to buy direct from your agent bank. They will normally charge you a sales charge and it is not worthwhile to pay sales charge for a short term bond fund.

Noted! It seems that POEMS is offering a promotion of 0% sales charge for purchasing bond funds!

http://www.eunittrust.com.sg/promotionne...me&qsv=ASC