Many friends have been asking me if it's still worth it to top up their CPF now considering that the interest rate is expected to rise for the rest of the year. To answer this question, we need to know how is CPF interest rate being determined. The CPF interest rate has remained at 2.5% for Original Account and 4% for Special Account for the longest time that most of us have forgotten that the CPF interest rate is actually not fixed at those percentage. For the OA, the interest rate is computed based on the 3-month average of major local banks' interest rates (subject to the legislated minimum interest of 2.5% per annum). This is being reviewed quarterly. At the last review, that rate is 0.09% for the period from February 2022 to April 2022 and hence the OA interest rate stayed at 2.5%. For the SA,...