CPF Special, Medisave & Retirement Accounts (SMRA) Rates
The CPF Interest Rate For Special, Medisave & Retirement Accounts (SMRA) is unchanged from the previous three months.
The prevailing (July to September 2009) CPF interest rate for Special, Medisave & Retirement Accounts (SMRA) is 4%.
Summary: CPF Interest Rate For Special, Medisave & Retirement Accounts (SMRA)
= 4.00%
This was computed based on the 12-month average yield of the 10-year Singapore Government Security (10YSGS) plus 1%.
The Special, Medisave & Retirement Accounts (SMRA)interest rate for October to December 2009 will be announced in September 2009 after the average yield of the 10YSGS is computed.
To help members adjust to this floating rate, the 4% floor for the Special, Medisave & Retirement Accounts (SMRA) rate will be maintained till 31 December 2009.
In addition, an extra 1% interest will be paid on the first $60,000 of a member’s combined balances, with up to $20,000 from the Ordinary Account (OA). The extra interest from the OA will go into the member’s Special or Retirement Account to enhance his retirement savings.
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The Team
Singapore Savings Account Rates.
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