Singapore Savings Account Rates presents the latest CPF rate.
Interest Rate For Ordinary Account (OA) CPF Rate
The Board will continue to pay the CPF rate of 2.50% interest per annum for members’ CPF savings in their OA from 1 January 2010 to 31 March 2010.
The computed CPF rate derived from the major local banks’ interest rates for the three-month period, 1 August 2009 to 31 October 2009, worked out to be 0.42 % per annum. However, the higher rate of 2.50% will be paid as the CPF Act provides for a minimum CPF rate of 2.50% per annum.
Check out our site for more CPF rate updates or the Central Provident Fund Board CPF Board for the latest news on CPF rates.
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Singapore Savings Account Rates.