Interest earned on CPF balances and retirement payouts hit new highs for 2023

Q: How long will it take to read this news story?

The story "Interest earned on CPF balances and retirement payouts hit new highs for 2023" has 974 words across 41 sentences, which will take approximately 5 - 9 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Interest earned on CPF balances and retirement payouts hit new highs for 2023" was covered 2 days ago by The Straits Times, a news publisher based in Singapore.

Q: How trustworthy is 'The Straits Times' news outlet?

The Straits Times is a fully independent (privately-owned) news outlet established in 1845 that covers mostly economy and business news. The outlet is headquartered in Singapore and publishes an average of 13 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21461357</li><li>URL: https://beamstart.com/news/interest-earned-on-cpf-balances-17199288273972</li></ul>

The Straits Times 2d ago

Interest earned on CPF balances and retirement payouts hit new highs for 2023 - The Straits Times

Quick Summary:

$21 billion in interest and over $3 billion in retirement payouts were recorded for the year.

Home owners can do so through government schemes like the HDB Lease Buyback Scheme, which is applicable for public housing; or the DBS Home Equity Income Loan that allows private property owners to borrow against their property to boost their retirement income.

He added that the average interest rate in 2023 is slightly higher than the 3.63 per cent derived from the 2022 figures.