Savings Account Rates

Savings Account Rates

As we near our anniversary, it is time to perform a stock check of our site on savings account rates and other developments in the past year.

Savings account rates of banks and financial institutions have been presented on our Singapore-savings-account-rates.blogspot.com. Savings account rates applicable to accounts denominated in the local currency were highlighted while we did monitor foreign currency savings account rates as well. Banks and financial institutions featured were based locally although there were many that were headquartered in countries around the world.

To reiterate our objective, we are dedicated to bring you the latest and best savings account rates that are available at the current period of time. We aim to present banks and financial institutions with selected savings account rates for your comparison and perusal.

The savings account rates that are presented are for information, to help you compare savings account rates. While we endeavour to keep our savings account rates accurate and up-to-date, you are strongly advised to re-confirm the savings account rates before making financial investments of one kind or another. If you spot any typographical errors on the savings account rates, let us know so that we can improve.

Readers from banks, financial institutions or even your own finance-related companies who would like to list savings account rates promotion on our site, please contact us for a discussion. Sg Savings Account Rates would be more than happy to hear from you.

Whether you are based in London | United Kingdom, Paris | France, New York | USA / United States of America, Shanghai | China, Mumbai | India, Sydney | Australia, Kuala Lumpur | Malaysia, Jakarta | Indonesia or any city | country in the world, if you like our savings account rates site, bookmark us. If you prefer, you can also follow our posts on savings account rates through our feeds, or via email subscription.

Thank you for your interest in comparing savings account rates. Feel free to look around our site for any specific savings account rates that catches your fancy.

We look forward to another productive year of savings account rates ahead! Have a great day!

The Team
Singapore Savings Account Rates

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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