A savings habit is more than a recommendation in Singapore; it’s intertwined with our way of life thanks to the Central Provident Fund (CPF). Our CPF accounts are the way the government ensures that every Singaporean has some form of savings. Besides the automatic contributions made from our salaries, we are encouraged to top up our CPF accounts to ensure we have enough for medical and retirement needs. The government incentivises top ups through guaranteeing certain interest rates. Generally, these interest rates are meant to match, or be better, than what banks and investments can provide, and keep pace with inflation. But is that really the case? We took a deep dive into the interest rates offered by CPF to see how viable they are as reasons to invest more funds into our CPF accounts....