Using CPF as fixed deposit after age 55

[CityFarmer]

I mean generally people presume difficulty to withdraw CPF money, even after 55. Base on your feedback, it doesn't seem so.

I reckon the condition that causing the misconception, is the minimum sum. Unless minimum sum met, otherwise no withdrawal. Once the minimum sum formula becomes more flexible, more people will be able to do their CPF withdrawal, after 55

Hi CityFarmer, can you elaborate more on the misconception?

Today I called up CPF again to verify the withdrawal frequency allowed.
Basically, you can withdraw as many times as you want, as long as you meet the following conditions:
1) You are 55 or older.
2) You already set aside the minimum sum in RA.
3) You are not working.

Based on this, I think the CPF liquidity is very good, if you meet the above conditions. There is a 5-day processing time for each withdrawal, but this should not be a problem unless you are trying buy something during a flash crash.
So it still makes sense to me to use CPF to store the cash part of my portfolio to take advantage of the better interest rate, unless CPF decides to change the rules.

Another misconception on CPF withdrawal?

It seems that the condition causing the misconception, is the minimum sum.