CPF interest rates to remain unchanged until end of next year
Read more at https://www.channelnewsasia.com/news/singapore/cpf-interest-rates-to-remain-unchanged-until-end-of-next-year-10763826
27 Sep 2018 05:58PM (Updated: 27 Sep 2018 06:57PM)

Richard Hurts

So when can return our CPF ah? No mention leh

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Benjamin Lim

Literally the only thing good about this CPF system. At least they are willing to pay more than market rate to compensate savers. Doubt they can hold that rate for long.

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Ricky Lim

Why do you doubt the Government can hold the rate for long?

Previously, they announce the rate every quarterly.
Now the Government announce 1 year 3 month in advance.

That means, the Government has already secured and can guarantee this rate in advance.

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Benjamin Lim

A better CPF system. No Medishield Life, Careshield Life, CPF Life, and can withdraw(OA and SA) fully at age 55. If people want to buy insurance, they will get it in the private market. People know how to plan for their own retirement, dont need the govt to "plan" for them.

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Ricky Lim

MOST investors who use Central Provident Fund (CPF) savings to invest would have been better off leaving their money in their Ordinary Accounts, according to the CPF Investment Scheme's (CPFIS) annual profit and loss report.

This is despite the good performance of investment funds included in the scheme.

In the financial year ended Sept 30 last year, 902,300 investors sold their CPFIS investments.

Only 15 per cent of them made a profit larger than the guaranteed annual 2.5 per cent interest rate for Ordinary Account savings. Another 45 per cent made profits of up to 2.5 per cent. The remaining 40 per cent made a loss.

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Ricky Lim

Insurance is guaranteed by the financial health of that insurance company.

CPF is guaranteed by the financial strength of the whole of Singapore Government.

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Lau Lan Chu

Buy insurance at age of 55 do consider the premium. Insurance is not free and no free lunch as company not stupid to insure somebody of old age and prepare to lose money , unless is government owned as owed citizens a living.

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