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CPF members above 55 should use it as a savings account. (Deposit for 5 years 11 months for higher returns?)

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Some readers might remember this blog post:

http://singaporeanstocksinvestor.blogspot.sg/2016/06/mom-stunned-at-what-happened-to-her-cpf.html

My mom has met the minimum sum for her cohort and she has also maxed out her CPF-MA. So, guess what my reaction was when she sent me the following SMS:

"I went to XXX bank because my fixed deposit matured and they asked me to deposit for 5 years 11
CPF members above 55 should use it as a savings account. (Deposit for 5 years 11 months for higher returns?) CPF members above 55 should use it as a savings account. (Deposit for 5 years 11 months for higher returns?) Reviewed by Unknown on June 12, 2017 Rating: 5

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