CPF interest rate for Ordinary Account stays at 2.5%

[satan_gal]

Originally Posted by globalcookie

Without forced savings, would we have the kind of savings?

Personally, myself.... I don't think I will have it for downpayment. Insurance wise, well, since Medisave account's money can be used for hospitalization insurance, I make use of it. Mostly, it is the annual interest that is used towards paying for insurance.

If we leave our frustration against PAP aside, but look at CPF as a whole, objectively, it is a good scheme. The frustration I have is, they kept moving my cheese. They failed in their promise that I can withdraw at 55yrs old!

Actually hor.. I've long written it off.
Only good thing is use for roof over the head.

[striker78]

Originally Posted by hkh

CPF monies.......to me is can see.....cannot touch.......and till death do us part.........

Love your quote, my sentiment the same

Originally Posted by globalcookie

Without forced savings, would we have the kind of savings?

Personally, myself.... I don't think I will have it for downpayment. Insurance wise, well, since Medisave account's money can be used for hospitalization insurance, I make use of it. Mostly, it is the annual interest that is used towards paying for insurance.

If we leave our frustration against PAP aside, but look at CPF as a whole, objectively, it is a good scheme. The frustration I have is, they kept moving my cheese. They failed in their promise that I can withdraw at 55yrs old!

Agreed with your frustration,,, If the withdraw age can be MOVED... What is stopping them from moving it further to 100yrs old????

[onlyyouknow]

I thought now can still withdraw at 55 just that must have the min sum in retirement account?