CPF Special, Medisave & Retirement Accounts (SMRA) Rates

CPF Special, Medisave & Retirement Accounts (SMRA) Rates

The CPF Interest Rate For Special, Medisave & Retirement Accounts (SMRA) is unchanged from the previous three months.

The prevailing (July to September 2009) CPF interest rate for Special, Medisave & Retirement Accounts (SMRA) is 4%.

Summary: CPF Interest Rate For Special, Medisave & Retirement Accounts (SMRA)
= 4.00%

This was computed based on the 12-month average yield of the 10-year Singapore Government Security (10YSGS) plus 1%.

The Special, Medisave & Retirement Accounts (SMRA)interest rate for October to December 2009 will be announced in September 2009 after the average yield of the 10YSGS is computed.

To help members adjust to this floating rate, the 4% floor for the Special, Medisave & Retirement Accounts (SMRA) rate will be maintained till 31 December 2009.

In addition, an extra 1% interest will be paid on the first $60,000 of a member’s 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.

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

The Team
Singapore Savings Account Rates.

UOB Savings Account Rates Promotion

UOB Savings Account Rates Promotion

You would have read about the UOB Savings Account Rates Promotion on the UOB i-Account by now. If not, we bring you details on this UOB Savings Account Rates Promotion of the i-account.

UOB i-account Savings Account Rates Promotion is valid from 1 August 2009 to 31 October 2009.

What is the UOB Savings Account Rates Promotion?

i-Account UOB Savings Account Rates Promotion:
Daily Account Balance| Prevailing Interest Rates (% p.a) | Additional Interest Rates* on Fresh Fund Deposits of more than S$15,000 (% p.a.) | Total Interest Rates*
on Fresh Fund Deposits (% p.a.)

First S$15,000 = 0.15, 0.35, 0.50
Next S$85,000 = 0.25, 0.35, 0.60
Next S$200,000 = 0.35, 0.35, 0.70
Remaining Balance Above S$300,000 = 0.45, 0.35, 0.80

Thus, depositors and investors with cash to invest can earn up to 0.8% p.a. in this UOB i-account promotion.

* UOB Savings Account Rates Promotion may change without notice.

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

The Team
Singapore Savings Account Rates.