Singapore lowers interest rates for CPF accounts; raises minimum healthcare savings target.

The interest rates for Singapore's CPF Special, MediSave, and Retirement Accounts will decrease to 4% from January to March 2025, down from 4.14%, due to lower yields on Singapore Government Securities. The Ordinary Account's rate remains at 2.5%, and the HDB housing loan rate stays at 2.6%. The Basic Healthcare Sum for those under 65 will rise from S$71,500 to S$75,500 starting January 2025.

3 months ago
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