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No changes to the CPF OA rate but there are other ways to get higher returns on CPF savings
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The rate for Retirement Accounts will go up from 4 per cent to 4.08 per cent in January 2024.
ST PHOTO: KUA CHEE SIONG
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SINGAPORE – The interest rate payable on the Ordinary Account (OA) in the Central Provident Fund will remain at 2.5 per cent in January, although the rate for the Retirement Account (RA) will rise for the first time since 2008, the Government announced on Dec 6.
The RA rate will go up from 4 per cent to 4.08 per cent in January.
