Friday, May 26, 2017

The truth about the interest rate paid by the Central Provident Fund

For many years, the Central Provident Fund has been paying an interest rate of 2.5% on the ordinary account and 4% on the special account. Many commentators pointed out that the CPF savings are invested by GIC which was able to earn a much higher return than the interest rate paid by CPF. They asked for transparency in the investment of CPF.

Here is the truth about the return provided by CPF to its members. And a suggestion on how to improve the current situation and make it more transparent and trusted.

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