WebFeb 2, 2024 · MediSave Account Interest: 4%. 4) Retirement Account (RA) ... Retirement Account Interest: 4%. Bonus Interest Rates on CPF Accounts. Apart from the regular interest that’s earned on each CPF account, there are bonus interests as well. If you’re under 55 years old, there’ll be an additional 1% on the first $60,000 of your combined … WebMediSave top-ups. Matching grant for seniors. Retirement top-ups and transfers. Investing your CPF. CPF interest rates. Workfare Income Supplement. e-Cashier. FAQs. Calculators. Forms Retirement income. Learn more. Monthly payouts. Retirement withdrawals. Government support. CPF LIFE. Other payouts.
Minimum CPF interest rates to remain unchanged until end-2024
WebJan 1, 2024 · Your CPF Savings account can earn a guaranteed interest rate each year. Initially, your OA’s interest rate is 2.5%, while the Special Account and Medisave Account give you 4%. Source. However, there will be an additional one percent added to all of the accounts, only for the first $60,000 of your CPF balances, of which $20,000 is limited to ... WebSep 27, 2024 · This rate is pegged at 0.1 per cent above the Ordinary account interest rate, which will stay at 2.5 per cent. The interest rate for Special and MediSave accounts will remain at 4 per cent in the ... how to move a magnolia tree
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WebJan 4, 2024 · Read Also: Complete Guide To CPF Interest Rates: Ordinary Account, Special Account, Retirement Account, MediSave Account (And Extra Interest Rates) This means that our monthly contribution allocated for MediSave (ranging from 8% to 10.5% of our salary) plus the accumulated interest of 4% per annum on our BHS can potentially … WebDec 30, 2024 · Know Your CPF Special Account. Besides earning 4% per year, you can earn an additional 1% of the first S$60,000 of your Ordinary, Special Account, Medisave account combined if you are 55 or below. That is a 5% interest rate per annum. And if you are 55 or above, you earn an extra 2% of the first S$30,000 of the balances from the … WebYour MediSave payable is based on your age and net trade income (NTI) for the year. You can use the Self-Employed MediSave Contribution Calculator to calculate the amount of MediSave you need to contribute. View the MediSave rates applicable from 2016 onwards (PDF, 0.2MB). View the MediSave rates applicable for 2015 (PDF, 23KB). … how to move amazon music to itunes