Interest Rate of CPF Money
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.
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.
Interest Rate of CPF Money Table:
Interest Rate of CPF Money (01 Jan 2014 to 31 Mar 2014)
(reviewed quarterly)
Ordinary Account =2.50% p.a.
Special & Medisave Accounts =4.00% p.a.
Interest Rate of CPF Money (01 Jan 2014 to 31 Dec 2014)
(reviewed yearly)
Retirement Account =4.00% p.a.
Additional Interest of 1%
As part of efforts to enhance CPF members’ retirement savings, 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).
The additional interest received on the OA will go into the member’s SA or RA to enhance his retirement savings.
If a member is above 55 years old and participates in the CPF LIFE scheme, the additional 1% interest will still be earned on his combined balances, which includes the savings used for CPF LIFE.
More: Best 2014 Singapore savings account interest rates
Interest rate of CPF money 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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