Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
CPF interest rates for Special, MediSave and Retirement accounts to go up
The Straits Times
|December 07, 2023
The interest rate for the Special and MediSave accounts of Central Provident Fund (CPF) members will increase to 4.08 per cent per annum, from 4.04 per cent, for the period from Jan 1 to March 31, 2024.
-
The rate hike is due to an increase in the 12-month average yield of 10 year Singapore Government Securities, which the interest rate is pegged to, said the CPF Board, Housing Board and Health Ministry in a joint statement on Dec 6.
The interest rate for the Retirement Account (RA) will also increase to 4.08 per cent, from 4 per cent, for the same period.
From 2024, the RA interest rate peg will be aligned to that of the Special and MediSave accounts and computed quarterly instead of annually.
This story is from the December 07, 2023 edition of The Straits Times.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Straits Times
The Straits Times
$3b money laundering case Jail for man linked to foreigner who fled before arrest of 10 others
A man was handed a jail sentence on Feb 25 over offences linked to a foreigner who left Singapore a day before local authorities arrested offenders involved in the $3 billion money laundering case.
3 mins
February 26, 2026
The Straits Times
Malaysian uni student arrested after posting photo of foot on Quran
A Malaysian university student in Pahang state was arrested on Feb 25 on suspicion of insulting Islam on social media after he posted a photo of his foot on a Quran, triggering condemnation.
1 mins
February 26, 2026
The Straits Times
Mexican President weighs legal action against Musk over drug cartel claims
Mexican President Claudia Sheinbaum said on Feb 24 that she is considering legal action following a comment by tech billionaire Elon Musk, the world's richest man, that alleged she was connected to drug cartels.
2 mins
February 26, 2026
The Straits Times
'She's my best friend': Employer supported helper's English lessons and diploma studies
When Ms Ika Septia Purnamasari came to Singapore from Indonesia in 2013 for her first job as a domestic worker, she knew how to say only \"yes\" and \"no\" in English.
3 mins
February 26, 2026
The Straits Times
S'pore-based Shein does U-turn on shedding its Chinese roots
Move seen as bid to secure Beijing's support for HK listing after failed IPO bids abroad
2 mins
February 26, 2026
The Straits Times
Student care Govt committed to supporting affected families
We thank Mr Issac Lim for his feedback on student care centres (Two ways to keep student care centres accountable, Feb 17).
1 min
February 26, 2026
The Straits Times
'SHARPER' YIN READY FOR HER NEXT WIN
Despite a winless 2025, former world No. 1 backs herself to return to winners' circle
3 mins
February 26, 2026
The Straits Times
MPs discuss how to better support workers, improve inclusivity
They call for advance retrenchment notice, strengthening of work-life balance
5 mins
February 26, 2026
The Straits Times
Seeking stronger ties, Merz takes his 'principled realism' doctrine to Beijing
German Chancellor’s high-stakes visit follows year of seismic shifts in global trade
5 mins
February 26, 2026
The Straits Times
Sembcorp bullish on AI-driven energy demand amid dip in profits
Net profit for July to Dec falls 5% on lower takings from gas and related services
2 mins
February 26, 2026
Translate
Change font size