[Tee tiong huat]

The interest rate for CPF Special, MediSave and Retirement accounts will rise from 4.05% to 4.08% in Q3 this year.

The Ordinary Account rate will remain the same: https://cna.asia/4aGpNo8

With govt’s efforts to boost retirement savings for CPF members, members will continue to earn extra interest on their CPF savings. Those below 55 years old will earn an extra 1% interest on first S$60k (US$44,460) of their combined balances. This interest is capped at S$20,000 for OA.

Members 55 & above will receive extra 2% interest on first S$30k of their combined balances, capped at S$20,000 for the OA, and an extra 1% on the next S$30,000.

What happen to the CPF special account arhh?. They see want to close?.