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Mar 9, 2017

A 6.00% Singapore Savings Account

A 6.00% Singapore Savings Account

This is not a joke or trick. It is perfectly legal and legitimate. We are confident Singaporeans who have worked in jobs some point in their lives will qualify for this savings account that pays 6% interest.

Singapore Savings Account Rates blogspot dot com presents new update on a 6% Singapore savings account that is special to the hearts of Singaporeans.

Remember that Singapore Savings Account Rates helps you to boost interest income from savings accounts, savings bonds and other financial retail investments in Singapore.

So what is this special Singapore savings account that pays 6.00% per annum?

We share this special 6% Singapore savings account with you now.

Take note that rates quoted in 2017 on Singapore savings accounts rates are meant for personal use only. You are advised to check interest rates with the respective banks and/or fixed income investment companies before investing.

The 6% Singapore savings account comes from the Central Provident Fund.

To qualify, you must :
- have a CPF Retirement Account
- be age 55 and above
- below are the details

CPF Interest Rates (01 January 2017 to 31 March 2017)(reviewed quarterly)

Ordinary Account =Up to 3.50% p.a.
Special & Medisave Accounts =Up to 5.00% p.a.

CPF Interest Rate (01 January 2017 to 31 December 2017) (reviewed yearly)

Retirement Account =Up to 5.00% p.a.

For CPF members who are aged 55 and above, an additional 1% interest per annum will be paid on the first $30,000 of their combined balances.

This is paid over and above the current extra 1% interest that is earned on the first $60,000 of their combined balances.

As a result, CPF members aged 55 and above will earn up to 6.00% interest per year on their retirement balances.

All 2017 interest rates are subject to change without prior notice at discretion of the bank or fixed income investment company. Promotional interest rates expire at dates fixed by respective banks. Please check with respective banks for details.

For you own protection, perform due diligence to assess the suitability of these financial products for your personal financial circumstance.

Thanks for reading Singapore Savings Account Rates.

The Team

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