CPF Rate 2009

CPF Rate 2009

Singapore-savings-account-rates.blogspot.com brings you the latest CPF rate 2009 for months of June, July and September.

CPF Rate of Ordinary Account (OA)
CPF Board will pay 2.50% interest per annum for members’ CPF savings in their OA from 1 July 2009 to 30 September 2009.

HDB’s Mortgage Rate
The concessionary interest rate for HDB mortgage loan, which is pegged at 0.1 percentage point above the CPF interest rate for the Ordinary Account, will remain unchanged at 2.60% per annum from 1 July 2009 to 30 September 2009.

CPF Rate For Special, Medisave & Retirement Accounts (SMRA)
CPF Board will pay 4.0% for SMRA. The 4% floor for the SMRA rate will be maintained till 31 December 2009.

Extra CPF Rate of 1%
In addition, an extra 1% interest will be paid on the first $60,000 of a member’s CPF 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.

CPF rates of interest payment will be reviewed by CPF Board every quarter.

CPF rates correct as at 10 June 2009.

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