Tag Archives: Interest Rate

LAST TIME CPF CAN GIVE 6.5% INTEREST RATE, SO WHY NOW CANNOT?

I saw this CPF statement from 1975. I was shocked! The CPF interest rate in 1975 was 6.5%!! Compare to now it is only 2.5% or at most 3.5% or 4%! Now government so rich and earn so much money but always give excuse say cannot increase interest rate for Singaporeans. But last time government poor, they more generous and willing to give more CPF interest rate to us.

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WHY SINGAPORE’S CPF SYSTEM IS LOUSIER THAN MALAYSIA’S EPF RETIREMENT FUND

During Budget 2015, Finance Minister Tharman announced the long awaited changes to the CPF system. Sadly, it was sorely disappointing and here's why! Why are only CPF members above the age of 55 getting the additional 1% interest on their CPF balances? Shouldn't all CPF members be entitled to the additional 1% interest on their CPF balances to better prepare ourselves for retirement rather than having to wait till 55?

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PROPERTY OWNERS BEWARE: KEY INTEREST RATES IN SINGAPORE RISE SHARPLY

A key interest rate that housing loans in Singapore are pegged to rose sharply for a second day, indicating home owners may face higher mortgage payments. Bloomberg data showed the three-month Singapore Interbank Offered Rate (Sibor) was fixed at 0.62052 per cent at 11.30am on Tuesday (Jan 6), up from 0.57762 per cent on Monday.

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