Singapore – Central Provident Fund interest rates will remain unchanged in the second quarter of 2022, the Housing Board and CPF Board said on Friday .
For members who are 55 or older, an extra 2 per cent interest is paid on the first S$30,000 of these combined balances and an extra 1 per cent on the next S$30,000, said CPF Board.- Advertisement 1- Meanwhile, the extra interest received on the Ordinary Account will go into the member’s Special Account or Retirement Account to enhance their retirement savings.
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