12/20/2023 0 Comments Ocbc cpf fixed deposit rateThey can do so easily through the CPF mobile app or the CPF Board website.ģ. Members can transfer up to the prevailing Full Retirement Sum in their Special Account if they are below 55 years old, and up to the prevailing Enhanced Retirement Sum in their Retirement Account if they are aged 55 years old and above. These members can consider transferring their savings from the Ordinary Account to the Special or Retirement Account to earn higher risk-free interest of up to 6% per annum. CPF members who have high Ordinary Account (OA) savings and have no plans to use their OA savings for a housing purchase have a range of options to grow their CPF savings for retirement, depending on their individual needs and risk appetite.Ģ. To ask the Minister for Manpower (a) whether the Ministry intends to incentivise CPF members who have high Ordinary Account (OA) savings and have no plan to use their OA savings for a housing purchase, to tap on alternative options for higher interest rates such as the CPF Investment Scheme and (b) if so, how does the Ministry intend to promote these options and make them easier for CPF members to invest in.ġ. 1674 OF 2023 FOR THE SITTING ON OR AFTER 7 FEBRUARY
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