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Dec 13, 2010

CPF Savings Account Rates

CPF Savings Account Rates

Singapore Savings Account Rates presents CPF Savings Account Rates.

CPF Savings Account Rates are shown for your information about financial investments in Singapore. Before you invest money or put cash in financial products or financial investments like stocks, shares, bonds, unit trusts, money markets or other banking products, you ought to confirm these savings account rates with financial institution or bank firm concerned.

CPF Savings Account Rates For The Various Accounts:

CPF interest rate for Ordinary Account = 2.50% p.a.

The CPF interest rate for Ordinary Account is reviewed quarterly.

CPF interest rate for Special, Medisave and Retirement account = 4.0% p.a.

As announced on 20th September 2010, the Government will maintain the 4.0% p.a. minimum interest rate on all Special and Medisave Accounts (SMA) and Retirement Account (RA) monies until 31 December 2011. Thereafter, interest rates on all CPF account monies will be subject to a minimum rate of 2.5% p.a.

An additional 1% interest will continue to be paid on the first $60,000 of a member’s combined balances, with up to $20,000 from the Ordinary Account (OA).

CPF interest is computed monthly, compounded and credited annually.

CPF Savings Account rates are reviewed by CPF Board on a regular basis.

Thanks for reading Singapore Savings Account Rates, where we bring you the latest and best financial information about selected Singapore savings account rates.

The Team

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