I will let you know about Ordinary Account of Central Provident Fund Board so that you can check it easily and have idea about it.

The Central Provident Fund Board is a comprehensive social security system that enables working Singapore Citizens and Permanent Residents funds for healthcare, home ownership, family protection and asset enhancement

The Ordinary Account uses for
For housing, insurance, investment and education.

Interest Rates
The interest rate is currently up to 3.5% for OA, and up to 5% for SA, MA and RA

Other Accounts
Special Account (SA) For old age and investment in retirement-related financial products.
Medisave Account (MA) For hospitalisation expenses and approved medical insurance.
Requirement
Retirement savings to meet your basic living expenses in old age
Your CPF savings will provide you with a monthly income to meet your basic living expenses in old age.

You are encouraged to supplement your retirement savings with your personal savings.

A property that is fully paid-up when you retire
Map out your finances carefully when you buy a home.

Buy a home that you can afford, so that your home will be fully paid-up when you retire.

Sufficient savings for future medical expenses as you grow older
Savings for future medical expenses is important as the need for medical care increases significantly as you grow older.

Use your Medisave wisely by staying in affordable wards when hospitalised and consider buying a suitable medical insurance plan such as MediShield to help mitigate large medical expenses.


Address:-
Central Provident Fund Board
CPF Robinson Road Service Centre
CPF Building
(near Tanjong Pagar MRT Station)
79 Robinson Road
#02-00
Singapore 068897