IM$avvy

The latest news on personal finances and CPF savings.

Thoughts, views and critiques. Writings from those in the know.

Lessons on finances at your place. We bring the education to you.

Express yourself. Engage others. This is your place to buzz!

A quick test to see how your financial knowledge measures up.

The lighter side of being savvy.

Read, Watch and Listen. Information that's worth learning about.

Everything you always wanted to know about personal finances.

Workshops, seminars and events to grow your financial knowledge.

Practical checklists for major financial decisions in life.

Home > Info Hub > Financial Planning

CPF Ordinary Account rate stays at 2.5 per cent

Source:

17/5/2012

CENTRAL Provident Fund (CPF) members will continue to receive a guaranteed interest rate of 2.5 per cent on their Ordinary Account savings from July 1 to Sept 30 this year.

An extra 1 per cent will be paid on the first $60,000 of an individual's combined balances. This combined 3.5 per cent, however, applies to an amount in the Ordinary Account not exceeding $20,000.

There is no such cap for the other CPF accounts.

The concessionary interest rate for HDB mortgage loans - pegged at 0.1 percentage point above the CPF interest rate for the Ordinary Account - will remain unchanged at 2.6 per cent per annum for the same period (July 1-Sept 30).


0%	0%	0%	0%	0%

Need to do financial calculations? Click here