QuickCheck: Is the dividend rate lower for EPF Account 3?


AFTER the Employees Provident Fund (EPF) announced that it would be introducing the new Account 3 on May 11, some online users have been worried that this new account would impact the dividends they receive.

The logic they followed was that the dividend rate for Account 3 would be lower as unlike Accounts 1 and 2, contributors would be able to withdraw funds from it.

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