CPF members' balances, interest earned hit record high last year in Singapore

CPF members' balances reached $462.1 billion last year.
CPF members' balances reached $462.1 billion last year.PHOTO: ST FILE

SINGAPORE - Members' Central Provident Fund (CPF) balances hit a new high last year despite the Covid-19 pandemic as they continued to make contributions and earned more interest.

CPF members' balances reached $462.1 billion last year, while a record $16.8 billion was paid to members in interest, according to the Board's annual report released on Wednesday (July 7).

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