:speech_balloon:
-
Singapore has a retirement investment account called a CPF. CPF is deducted from the paycheck.
CPF has 4 sub accounts, Before 55: - Ordinary Account - Special Account - MediSave Account
After 55, the special account is converted to a ‘retirement’ account.
base interest rates are as follows: CPF account Interest rates Ordinary Account 2.5% Special Account 4% MediSave Account 4% Retirement Account 4%
There is a bonus 1% on the first 60K SGD as noted here. https://www.cpf.gov.sg/member/growing-your-savings/earning-higher-returns/earning-attractive-interest
The rates vary slightly per year so it should be editable.
CPF is untaxed.