News analysis
CPF members to get boost from quarterly reviews amid high interest rate environment
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CPF members get to enjoy higher rates sooner if they are reviewed on a quarterly basis, instead of having to wait until the following year.
ST PHOTO: LIM YAOHUI
SINGAPORE – A move to review interest rates on the Central Provident Fund (CPF) Retirement Account (RA) every quarter, instead of once a year, will ensure that the rates are more responsive to the prevailing interest rate environment.
With interest rates turning more volatile, CPF members will get to enjoy higher interest sooner if they are reviewed on a quarterly basis, instead of having to wait until the following year.
