CPF Savings Rates

CPF Savings Rates: Interest Rate For CPF Ordinary Account (OA)

Before you take out money from your CPF savings account to invest money, you should check out the savings rates that CPF is paying.

The CPF Board will continue to pay the same interest savings rate per annum for members’ CPF savings in their Ordinary Account (OA) from 1 October 2009 to 31 December 2009.

The computed CPF savings rate is derived from the major local banks’ savings interest rates for the three-month period, 1 May 2009 to 31 July 2009. This savings rates worked out to be 0.44 % per annum.

However, the higher savings rate of 2.50% will be paid as the CPF Act provides for a minimum CPF savings rate of 2.50% per annum.

Thus the CPF savings rates for 1 October 2009 to 31 December 2009 is 2.5% per annum.

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The Team
Singapore Savings Account Rates.