Your CPF savings earn a minimum risk-free interest of 2.5% guaranteed by the government. In 2008 and 2009, savings in the Special, Medisave and Retirement Accounts will earn a guaranteed minimum rate of 4%. In addition, the first $60,000 in your combined CPF balances, with up to $20,000 from your Ordinary Account, will earn an extra 1% interest.
3 Tips from CPF Board:
- Leave your CPF savings in your accounts to earn the extra 1% interest
- Transfer savings from your Ordinary Account (OA) to your Special Account (SA)
- Top-Up the Special / Retirement Account for yourself and your loved ones
via CPF Board
More travel & lifestyle posts:
- CPF: One–Year Extension of 4% Floor Rate for all SMA and RA Monies
- CPF Act Amended to Help Prepare for Retirement
- Transfer Money Abroad with Visa Money Transfer: $5
- What is CPF LIFE?
- Join CPF SMS Contest To Win Swensen’s Vouchers
- HSBC Revolution Credit Card: Free Movie Ticket & Much More
- How Can Money Buy You Happiness [psychology]
