Savings in the Special and MediSave accounts earn the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, subject to the current floor interest rate of 4% per annum.
For members below 55
For members 55 and above
For members who are 55 and above, the Government pays an extra 2% interest on the first $30,000 of their combined balances (capped at $20,000 for OA) and an additional 1% on the next $30,000.
This means that members aged 55 and above earn up to 6% interest per annum on their retirement balances.
Good news for home owners
Basic Healthcare Sum for 2023
Once members reach age 65, their BHS will be fixed for the rest of their lives.
From 1 January 2023,
For members aged 66 years and above in 2023, their cohort BHS has already been fixed and will remain unchanged.