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What happens when my CPF account is closed and I have yet to transfer my CPF savings to my bank account?

Any remaining savings will stop earning the prevailing CPF interest. As a concession, these savings will earn the commercial Singapore bank interest rate until 31 March 2027. Thereafter, no interest will be paid. You may still transfer the remaining savings to your bank account, at any time.

Your participation in all the schemes administered by the CPF Board will also cease. Please refer to the section "Schemes' participation upon account closure" for more information regarding schemes’ participation when your CPF account is closed.