What interest rates will be paid on the monies for Special Needs Savings Scheme nominees?
The nominated monies will continue to earn the same CPF interest, including extra interest, in the SNSS nominee’s account, as the rate earned by CPF members.
Extra interest is paid on the first $60,000 of the combined balance of the parent(s) who nominated the child under SNSS and the child’s own CPF savings, with up to $20,000 from the child’s Ordinary Account.
Please refer to CPF interest rates for more information on the CPF interest rates.
This information is sourced from CPF
Related questions
If I have made a CPF nomination, how will my CPF savings be paid to my nominees?
What is the Special Needs Savings Scheme?
Apart from Special Needs Savings Scheme (SNSS), how else can parents set aside money for their child under the CPF system?
How is Special Needs Savings Scheme different from CPF nomination?
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