Best 2014 Singapore Savings Account Rates
We present Singapore savings rates and other bank account rates to help you make your money work harder for you at Singapore Savings Account Rates in 2014.
For those not in-the-know, here is a piece of revelation regarding the best 2014 Singapore savings account rates.
The best 2014 Singapore savings account rates on the little red dot called Singapore are found at the Central Provident Fund (CPF) accounts.
The CPF is a social security savings plan. Working Singaporeans and their employers make monthly contributions to the CPF.
The best 2014 Singapore savings account rates now stands at 4.00 % per annum. This interest is guaranteed by the Government.
In addition, the first $60,000 in your combined CPF balances, with up to $20,000 from your Ordinary Account, will earn an extra 1% interest. (Note that CPF Ordinary account earns 2.5% p.a.)
Thus the best of the best 2014 Singapore savings account rates is 5.00 % p.a (4.00 % + 1.00 %).
You can receive the best 2014 Singapore savings account rates with these CPF accounts:
- CPF Special Account
- CPF Medisave Account
- CPF Retirement Account
Read more about CPF accounts here.
Singapore savings account rates for 2014 are presented for personal information. You should re-confirm bank rates before you invest your money based on these rates.
Rates are subject to change without prior notice at discretion of the bank entity or finance company in 2014 and beyond. You should assess the suitability of these financial products based on your personal financial investment objectives.
Keep reading Singapore Savings Account Rates, for new information on financial savings accounts in Singapore.
The Team
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