[[[ForeverAlone]]]

https://www.straitstimes.com/singapore/4...o-end-2023


LOL ....

[Teeth53]

CPF members below 55 years old will continue to earn interest rates of up to 3.5 per cent per annum on their Ordinary Account (OA) monies, and up to 5 per cent per annum on their Special and MediSave Account (SMA) monies in the last quarter of 2022.

[Teeth53]

CPF members below 55 years old will continue to earn interest rates of up to 3.5 per cent per annum on their Ordinary Account (OA) monies, and up to 5 per cent per annum on their Special and MediSave Account (SMA) monies in the last quarter of 2022.

These rates include an extra 1 per cent interest on the first $60,000 of their combined balances (capped at $20,000 for OA).

For members aged 55 and above, an extra 2 per cent interest will be paid on the first $30,000 of their combined balances (capped at $20,000 for OA), and an extra 1 per cent interest on the next $30,000.

This means that they will earn up to 6 per cent interest per annum on their retirement balances.

The extra interest paid to CPF members is part of the Government's efforts to enhance their retirement savings, said the agencies.

The extra interest received on the OA will go into the member's Special Account (SA) or Retirement Account (RA).