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Medisave Required Amount raised, 4% CPF rate continues

Published on Dec 21, 2012 11:52 AM
 
Central Provident Fund (CPF) members will continue to receive 4 per cent interest on the savings in their Special and Medisave Accounts for the first three months of next year. The Medisave Required Amount will also be raised from Jan 1 next year to $38,500. It is now $32,000. -- ST PHOTO: CAROLINE CHIA

Central Provident Fund (CPF) members will continue to receive 4 per cent interest on the savings in their Special and Medisave Accounts for the first three months of next year.

They will also enjoy a 4 per cent interest rate on their Retirement Account for all of 2013, the CPF Board announced on Friday.

This is in line with the Government's announcement in September that the 4 per cent floor rate will be maintained until the end of 2013.

Meanwhile, the Medisave Required Amount will be raised from Jan 1 next year to $38,500. It is now $32,000.

 
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