When most people think about passive income, they think about investing in income producing assets like stocks and properties. Most wouldn't think of interest income from saving money in a bank account given the very low interest rate environment we have been in and the even lower interest rate environment we are in today. This isn't wrong, well, if you are not a Singaporean. This is because we have the CPF in Singapore and all Singaporeans are CPF members. Whenever I have conversations with foreigners about retirement funding, they are always in awe of the CPF system in Singapore. Actually, they are envious. The CPF pays relatively attractive interest rates of 2.5% to 5% to those of us who are younger and up to 6% for members who are more senior in age. I just heard the jaws of some foreign friends hitting the floor. Jaw droppingly good....