Govt increases Medisave minimum sum by 20 percent from $32000 to $38500

Yahoo! News Singapore, 21 Dec 2012
Singapore’s government has raised the Medisave required amount, even as it promises to maintain its 4 per cent interest rate on its Special and Medisave accounts for the first three months of next year.
From the start of 2013, the minimum required amount in all Medisave accounts will be hiked from $32,000 to $38,500, the Central Provident Fund (CPF) Board said in a statement released on Friday. Full story
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