At SGMoneyMatters, we want to help you make informed decisions, invest well and retire with style. We share with you some of the latest news and insights that may affect your financial well-being. Here are the topics for this week:

• CPF Special Account is paying 4.04% interest rate. What does this mean? Will it go higher?
• The latest 6-month Singapore T-bill yield has risen to 4.07%. What are the causes and implications?
• Oil prices hit a 1-year high of $95. What are the risks and opportunities?

Let’s dive in! #1. CPF Special Account is paying 4.04% interest rate The interest rate for CPF Special Account (SA) has increased to 4.04% per annum for the fourth quarter of this year, up from 4.01% in the previous quarter. This is the second consecutive increase since the floor rate of 4% was established in 2008. I wrote an article back in 2019 to talk about how the interest rate is calculated. You can read it here. At...