WebThe Central Provident Fund (Board) interest rates will remain unchanged from 1 January to 31 March 2024. In a joint statement, the CPF Board, Housing & Development Board, and the Ministry of Health said the … WebApr 2, 2024 · The CPF also offers an additional interest rate of 1% per annum for the first $60,000 of combined balances (with up to $20,000 from the OA) for members aged 55 and above. Another benefit of CPF is ...
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WebCPF interest rates, be it for Ordinary Account (OA), Special Account (SA), Medisave (MA) or Retirement Account (RA), have stayed at the floor rate of 2.5% p.a. and 4% p.a. for a very long time. Based on figures on the CPF … WebDec 30, 2024 · Know Your CPF Special Account. Besides earning 4% per year, you can earn an additional 1% of the first S$60,000 of your Ordinary, Special Account, Medisave account combined if you are 55 or below. That is a 5% interest rate per annum. And if you are 55 or above, you earn an extra 2% of the first S$30,000 of the balances from the … gay marvel fan art
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WebMay 28, 2024 · From July to September 2024, the floor rate of 2.5 per cent interest a year earned on the Ordinary Account will be maintained, as will the 4 per cent floor rate for … WebJan 7, 2024 · According to the CPF website, Cash saved in the Ordinary Account earns an interest rate that is reviewed quarterly based on the 3-month average of major local banks interest rates (subjected to the legislated minimum interest of 2.5% per annum). At the current time of writing the Interest rate from 1 October 2024 to 31 December 2024 is … WebFeb 22, 2024 · Savings in the Special Account earn a guaranteed 4% while savings in the Ordinary Account only earn a guaranteed 2.5%. The lower interest rate offered by OA is due to its wider usage. For instance, funds in OA are allowed to be utilised to fund child’s tertiary education as well as CPF member’s property purchase. day out north norfolk