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Close to $1.6 billion CPF Top-Ups Made in First Ten Months of 20192385/News/news-categories-info/news-releases<p> </p><ol><li>CPF members are taking active steps in planning for retirement by making top-ups to their own CPF accounts and that of their loved ones. In the first ten months of this year (January to October 2019), the total top-up amount under the Retirement Sum Topping-Up Scheme (RSTU) was close to $1.6 billion. Comparatively, the total top-up amount was $1.5 billion for the same period in 2018. In 2015, the total top-up amount was $934 million and this grew to $2 billion in 2018.<br><br></li><li>These top-ups, which comprise cash top-ups and CPF transfers, help build up members’ retirement savings. With higher CPF balances, these members would receive higher payouts in their retirement years. More members have also been able to attain at least their Basic Retirement Sum (BRS) in their CPF accounts as a result of the top-ups received. Over the last three years, close to 24,000 members attained at least their BRS after receiving top-ups to their CPF.<br><br></li><li>CPF Board is also encouraged to see CPF members making more top-ups to their loved ones to help them grow their retirement savings. Between January and October this year, over $330 million top-ups were made to the CPF accounts of their loved ones such as spouses, parents and grandparents, under RSTU. Compared to the same period last year, this marked a $15 million increase in the amount of top-ups to loved ones. Group Director from the Retirement Income Group Tan Chui Leng said “The high interest rates and tax relief have encouraged more members to help their loved ones retire with greater peace of mind. These top-ups need not be large amounts. With interest of up to 5% per annum in the Special Account and up to 6% per annum in the Retirement Account, small but regular top-ups using GIRO can help enhance member’s retirement savings over time.” <br> <br></li><li>52 year-old property agent Mr Low Boon Hin who has been making regular top-ups to his Special Account said “As a self-employed, it is even more important for me to take care of my retirement needs. So whenever I have extra savings, I will top up using cash to grow my retirement savings. Besides myself, I also encourage my family members to take active steps in topping up to their CPF Accounts.” <br> <br></li><li>Members who make cash top-ups to themselves or their loved ones<sup>1</sup> like Mr Low can enjoy tax relief<sup>2</sup> of up to $14,000 per calendar year. Beyond getting tax relief, CPF Board encourages members to top up early to earn more interest on their CPF savings. <a href="#AnnexA">Annex A</a> illustrates how members can earn about 20% more in interest on their CPF savings in 10 years by topping up early in January.<br><br></li><li>To enjoy tax relief for next year’s Tax Assessment, members must make their cash top-ups before 31 December 2019. The fastest and most convenient way for members to make top-ups is via the myCPF mobile app. <a href="#AnnexB">Annex B</a> shows the steps for making top-ups via the myCPF mobile app. To find out more about the Retirement Sum Topping-Up Scheme, visit <a href="/rstu">cpf.gov.sg/rstu</a>. <br> <br></li></ol><p> <span style="font-size:0.9em;"><sup>1</sup> Loved ones refer to parents, parents-in-law, grandparents, grandparents-in-law, spouse and siblings. </span></p><p> <span style="font-size:0.9em;"><sup>2</sup> To qualify for tax relief made to your spouses and siblings’ CPF accounts, terms and conditions apply.</span></p><p> </p> <a name="AnnexA"></a><strong>Annex A<br></strong><img alt="Earn around 20%* more interest on your CPF savings in 10 years by topping up early in January!" src="/Assets/common/PublishingImages/PressRelease_28Nov19_AnnexA.png" style="width:78%;" /> <p> </p> <a name="AnnexB"></a><strong>Annex B<br></strong><img class="img-responsive" alt="Steps for making top-ups via the myCPF mobile app" src="/Assets/common/PublishingImages/PressRelease_28Nov19_AnnexB.png" style="margin:5px;" />Close to $1.6 billion CPF Top-Ups Made in First Ten Months of 201928/11/2019 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2820
CPF Interest Rates from 1 January 2020 to 31 March 2020 and Basic Healthcare Sum for 20202382/News/news-categories-info/news-releases<table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td colspan="2"><p style="text-align:left;"> <strong>CPF Interest Rates from 1 January 2020 to 31 March 2020</strong></p><div class="hidden-xs"><table class="cpf-table cpf-form-table " style="width:100%;"><thead><tr><th style="width:25%;"></th><th style="width:25%;text-align:center;">Ordinary Account</th><th colspan="1" style="width:25%;text-align:center;">Special and MediSave Accounts​</th><th colspan="1" style="width:25%;text-align:center;">Retirement Account​</th></tr></thead><tbody style="text-align:center;"><tr><td style="width:25%;"> <strong>Interest Rate Floor</strong></td><td style="width:25%;">2.5%</td><td colspan="1" style="width:25%;">​4%</td><td colspan="1" style="width:25%;">​4%</td></tr><tr><td rowspan="1" style="width:25%;"> <strong>Computed Rate <br>(for reference)</strong>​</td><td rowspan="1" style="width:25%;">0.64%​</td><td rowspan="1" colspan="1" style="width:25%;">​3.05%</td><td rowspan="1" colspan="1" style="width:25%;">​3.05%</td></tr></tbody></table></div><div class="visible-xs"><table class="cpf-table cpf-form-table " style="width:100%;"><thead><tr><th style="width:25%;"></th><th style="width:25%;text-align:center;">Ordinary Account</th></tr></thead><tbody style="text-align:center;"><tr><td style="width:25%;"> <strong>Interest Rate Floor</strong></td><td style="width:25%;">2.5%</td></tr><tr><td rowspan="1" style="width:25%;"> <strong>Computed Rate (for reference)</strong>​</td><td rowspan="1" style="width:25%;">0.64%​</td></tr></tbody></table> <br> <table class="cpf-table cpf-form-table " style="width:100%;"><thead><tr><th style="width:25%;"></th><th style="width:25%;text-align:center;">Special and MediSave Accounts</th></tr></thead><tbody style="text-align:center;"><tr><td style="width:25%;"> <strong>Interest Rate Floor</strong></td><td style="width:25%;">4%</td></tr><tr><td rowspan="1" style="width:25%;"> <strong>Computed Rate (for reference)</strong>​</td><td rowspan="1" style="width:25%;">3.05%​</td></tr></tbody></table> <br> <table class="cpf-table cpf-form-table " style="width:100%;"><thead><tr><th style="width:25%;"></th><th style="width:25%;text-align:center;">Retirement Account</th></tr></thead><tbody style="text-align:center;"><tr><td style="width:25%;"> <strong>Interest Rate Floor</strong></td><td style="width:25%;">4%</td></tr><tr><td rowspan="1" style="width:25%;"> <strong>Computed Rate (for reference)</strong>​</td><td rowspan="1" style="width:25%;">3.05%​</td></tr></tbody></table></div><p> <strong> <br>Extra Interest of 1%</strong></p><ul><li>All CPF members earn up to 5% on the first $60,000 of their combined CPF balances.</li></ul><p> <strong></strong> </p><p> <strong> <br>Additional Extra Interest of 1%</strong></p><ul><li>CPF members aged 55 and above earn up to 6% on the first $30,000 of their combined CPF balances.</li></ul><p> <strong></strong> </p><p> <strong> <br>HDB Mortgage Rate from 1 January 2020 to 31 March 2020</strong></p><ul><li>Remains unchanged at 2.6%</li></ul><p> <strong></strong> </p><p> <strong>Basic Healthcare Sum (BHS) for 2020</strong></p><ul><li>For members below 65 years old, BHS will be $60,000</li><li>For members who turn 65 years old in 2020, BHS will be $60,000 and will not change for the rest of their lives<br> </li></ul><p> </p><p> <em style="font-size:0.9em;">Note: All interest rates are quoted on a per annum basis.</em></p> </td></tr></tbody></table><p> </p><p>CPF members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and MediSave accounts (SMA) monies in the first quarter of 2020. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members. </p><p>Members aged 55 and above will also earn an additional 1% extra interest 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, members aged 55 and above will earn up to 6% interest per year on their retirement balances. </p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or Retirement Account (RA) to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p> </p><p> <strong>Interest Rate for CPF Ordinary Account and HDB Mortgage Rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 January 2020 to 31 March 2020, as the computed rate of 0.64% is lower than the legislated minimum interest rate of 2.5% per annum.</p><p>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 January 2020 to 31 March 2020.</p><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.</p><p>   <strong></strong></p><p> <strong>Interest Rate for Special and MediSave Accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 January 2020 to 31 March 2020, as the computed rate of 3.05% is lower than the current interest rate floor of 4% per annum.</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate.</p><p>   <strong></strong></p><p> <strong>Interest Rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2020 to 31 December 2020, as announced on 20 September 2019.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate.</p><p>    <strong></strong></p><p> <strong>Basic Healthcare Sum for 2020</strong></p><p>The Basic Healthcare Sum (BHS) is the estimated savings required for basic subsidised healthcare needs in old age. The BHS is adjusted yearly for members below age 65 to keep pace with the growth in MediSave withdrawals. Once members reach age 65, their BHS will be fixed for the rest of their lives.</p><p>From 1 January 2020,</p><ol><li>For members below 65 years old, their BHS will be raised from $57,200 to $60,000.</li><li>For members who turn 65 years old in 2020, their BHS will be fixed at $60,000, which will not change thereafter.</li></ol><p> <br>For members aged 66 and above in 2020, their cohort BHS had already been fixed and will remain unchanged.</p><p>Please refer to <a href="#AnnexD">Annex D</a> for the BHS for respective cohorts.</p><p>BHS is the cap to the MediSave Account (MA) and contributions in excess of a member’s BHS will be automatically transferred to his or her other CPF accounts. A higher BHS will allow for more savings to be kept in a member’s MA for his or her healthcare needs. CPF members do not have to top up their MA if they have less than the BHS.</p><p>    <strong></strong></p><p> <strong>Public Enquiries</strong></p><p>CPF members can visit <a href="https://www.cpf.gov.sg/">cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries.</p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a> <strong>Annex A<br></strong></div><div align="right"> <strong>​​<br></strong></div><p> <strong>Computation of CPF OA Interest Rate and HDB Mortgage Rate for 1 January 2020 to 31 March 2020</strong><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><p> </p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from August 2019 to October 2019<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.64% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for January 2020 to March 2020</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for January 2020 to March 2020</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from August 2019 to October 2019<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.64% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for January 2020 to March 2020</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for January 2020 to March 2020</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <strong>Note:</strong></p>​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>31 Aug 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​1.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.7000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.6367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>30 Sep 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​1.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.7000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.6367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Oct 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​1.4000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.7000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.6397</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Aug 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​1.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.7000</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​1.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.7000</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Oct 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​1.4000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.7000</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>31 Aug 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Oct 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>31 Aug 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.6367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.6367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Oct 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.6367</span></td></tr></tbody></table></div> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a> <br> <strong>Annex B</strong></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2" style="height:930px;"><tbody><tr><td colspan="2"> <strong>Computation of CPF SMA Interest Rate for 1 January 2020 to 31 March 2020</strong></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current interest rate floor of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from November 2018 to October 2019<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.05% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for January 2020 to March 2020<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.05%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for January 2020 to March 2020</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from November 2018 to October 2019<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.05% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for January 2020 to March 2020<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.05%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for January 2020 to March 2020</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <strong>Note:</strong></p><p align="center">​ <img alt="10-Year SGS Yield" src="/Assets/common/PublishingImages/10YRSGS_19Nov2019.png" style="width:82%;" /><br></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a> <strong>Annex C</strong></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <strong>Computation of CPF RA Interest Rate for 1 January 2020 to 31 December 2020</strong></p></td></tr><tr><td colspan="2">RA monies credited in 2020 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current rate floor of 4% per annum, whichever is higher.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2">The average yield of the 10YSGS plus 1% from November 2018 to October 2019 is 3.05% per annum. As this is below the current rate floor of 4% per annum, new SSGS issued in the year of 2020 will pay a fixed coupon of 4%.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2">The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.</td></tr></tbody></table></td></tr><tr><td> <br></td></tr><tr><td> <br></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexD"></a> <strong>Annex D</strong></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <strong>Summary of BHS for respective cohorts</strong></p></td></tr><tr><td colspan="2">The prevailing BHS will be set at $60,000 from 1 January 2020 onwards. This applies to all CPF members aged 65 and below in 2020.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2"><p>For cohorts who turn 65 in 2020 or before, their cohort BHS is fixed for life. The following summarises the BHS for respective cohorts age 65 and above in 2020:</p><div style="text-align:center;"> </div><table width="100%" class="cpf-table cpf-form-table" style="text-align:center;"><thead style="text-align:center;"><tr><th style="text-align:center;">Age in 2020</th><th style="text-align:center;">Year where cohort turned age 65</th><th style="text-align:center;">Cohort BHS (fixed for life)</th></tr></thead><tbody><tr><td>65</td><td>2020</td><td>$60,000</td></tr><tr><td>66</td><td>2019</td><td>$57,200</td></tr><tr><td>67</td><td>2018</td><td>$54,500</td></tr><tr><td>68</td><td>2017</td><td>$52,000</td></tr><tr><td>69 and above</td><td>2016 or earlier</td><td>$49,800</td></tr></tbody></table></td></tr></tbody></table></td></tr></tbody></table> <br>CPF Interest Rates from 1 January 2020 to 31 March 2020 and Basic Healthcare Sum for 202019/11/2019 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2817
Government Extends Minimum 4% Interest Rate Floor on Special, MediSave and Retirement Account Monies until 31 December 20202378/News/news-categories-info/news-releases<table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr><td colspan="2"><p style="text-align:left;"> <strong>CPF Interest Rate Floor on Special, MediSave and Retirement Account Monies from 1 January 2020 to 31 December 2020</strong></p><ul><li> One-year extension of minimum 4% interest rate floor on Special, MediSave and Retirement Accounts </li></ul><p> <strong></strong> </p><p> <strong>CPF Interest Rates from 1 October 2019 to 31 December 2019</strong></p><div class="hidden-xs"><table class="cpf-table cpf-form-table " style="width:100%;"><thead><tr><th style="width:25%;"></th><th style="width:25%;text-align:center;">Ordinary Account</th><th colspan="1" style="width:25%;text-align:center;">Special and MediSave Accounts​</th><th colspan="1" style="width:25%;text-align:center;">Retirement Account​</th></tr></thead><tbody style="text-align:center;"><tr><td style="width:25%;"> <strong>Interest Rate Floor</strong></td><td style="width:25%;">2.5%</td><td colspan="1" style="width:25%;">​4%</td><td colspan="1" style="width:25%;">​4%</td></tr><tr><td rowspan="1" style="width:25%;"> <strong>Computed Rate <br>(for reference)</strong>​</td><td rowspan="1" style="width:25%;">0.64%​</td><td rowspan="1" colspan="1" style="width:25%;">​3.24%</td><td rowspan="1" colspan="1" style="width:25%;">​3.38%</td></tr></tbody></table></div><div class="visible-xs"><table class="cpf-table cpf-form-table " style="width:100%;"><thead><tr><th style="width:25%;"></th><th style="width:25%;text-align:center;">Ordinary Account</th></tr></thead><tbody style="text-align:center;"><tr><td style="width:25%;"> <strong>Interest Rate Floor</strong></td><td style="width:25%;">2.5%</td></tr><tr><td rowspan="1" style="width:25%;"> <strong>Computed Rate (for reference)</strong>​</td><td rowspan="1" style="width:25%;">0.64%​</td></tr></tbody></table> <br> <table class="cpf-table cpf-form-table " style="width:100%;"><thead><tr><th style="width:25%;"></th><th style="width:25%;text-align:center;">Special and MediSave Accounts</th></tr></thead><tbody style="text-align:center;"><tr><td style="width:25%;"> <strong>Interest Rate Floor</strong></td><td style="width:25%;">4%</td></tr><tr><td rowspan="1" style="width:25%;"> <strong>Computed Rate (for reference)</strong>​</td><td rowspan="1" style="width:25%;">3.24%​</td></tr></tbody></table> <br> <table class="cpf-table cpf-form-table " style="width:100%;"><thead><tr><th style="width:25%;"></th><th style="width:25%;text-align:center;">Retirement Account</th></tr></thead><tbody style="text-align:center;"><tr><td style="width:25%;"> <strong>Interest Rate Floor</strong></td><td style="width:25%;">4%</td></tr><tr><td rowspan="1" style="width:25%;"> <strong>Computed Rate (for reference)</strong>​</td><td rowspan="1" style="width:25%;">3.38%​</td></tr></tbody></table></div><p style="text-align:left;"> <strong> <br>Extra Interest of 1%</strong></p><ul><li> All CPF members earn <strong>up to 5%</strong> on the first $60,000 of their combined CPF balances.</li></ul><p> <strong></strong> </p><p style="text-align:left;"> <strong>Additional Extra Interest of 1%</strong></p><ul><li> CPF members aged 55 and above earn <strong>up to 6%</strong> on the first $30,000 of their combined CPF balances.</li></ul><p> <strong></strong> </p><p style="text-align:left;"> <strong>HDB Mortgage Rate from 1 October 2019 to 31 December 2019</strong></p><ul><li>Remains unchanged at 2.6%</li></ul> <br> <p> <span style="font-size:0.9em;"> <em>Note: All interest rates are quoted on a per annum basis.</em></span></p></td></tr></tbody></table><p> </p><p>In view of the continuing low interest rate environment, the Government has further extended the 4% rate floor for interest earned on all Special, MediSave and Retirement Account (SMRA) monies for another year until 31 December 2020.</p><p>The Government had committed to providing a 4% rate floor for SMRA interest for two years since 2008, and had subsequently extended the rate floor in light of the global economic conditions and the fact that interest rates had been exceptionally low. The current 4% rate floor is due to expire on 31 December 2019.</p><p>Please refer to <a href="#AnnexA">Annex A</a> for the more details about the SMRA rate floor.</p><p>   <strong></strong></p><p> <strong>CPF Interest Rates for Ordinary, Special and MediSave Accounts from 1 October 2019 to 31 December 2019</strong></p><p>CPF members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and MediSave accounts (SMA) monies in the last quarter of 2019. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members. </p><p>Members aged 55 and above will also earn an additional 1% extra interest 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, members aged 55 and above will earn up to 6% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or Retirement Account (RA) to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p> </p><p> <strong>Interest Rate for CPF Ordinary Account and HDB Mortgage Rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 October 2019 to 31 December 2019, as the computed rate of 0.64% is lower than the legislated minimum interest rate of 2.5% per annum.</p><p>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 October 2019 to 31 December 2019.</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the OA interest rate and HDB mortgage rate.</p><p>   <strong></strong></p><p> <strong>Interest Rate for Special and MediSave Accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 October 2019 to 31 December 2019, as the computed rate of 3.24% is lower than the current interest rate floor of 4% per annum.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the SMA interest rate. </p><p>   <strong></strong></p><p> <strong>Interest Rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2019 to 31 December 2019, as announced on 27 September 2018.</p><p>Please refer to <a href="#AnnexD">Annex D</a> for the detailed computation of the RA interest rate. </p><p>    <strong></strong></p><p> <strong>Public Enquiries</strong></p><p>CPF members can visit <a href="https://www.cpf.gov.sg/">cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries.</p><p> </p><div align="right"> <a name="AnnexA"></a> <strong>Annex A<br></strong></div><div align="right"> <strong>​​<br></strong></div><p> <strong>Background Information on Special, MediSave and Retirement Account (SMRA) Rate Floor</strong><br><br>Since 1 January 2008, savings in the SMRA have been invested in Special Singapore Government Securities (SSGS) which earn an interest rate pegged to the 12-month average yield of 10YSGS plus 1%. This is a market-based rate for instruments of comparable risk and duration, and will ensure that members receive fair and reasonable interest rates. <br> <br>To help members cope with the transition, the Government had committed to providing a 4% rate floor for SMRA interest for two years up to December 2009. This was subsequently extended in view of the global economic conditions and the fact that interest rates had been exceptionally low. </p><p> </p><table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a> <br> <strong>Annex B</strong></div>   <br> <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"> <strong>Computation of CPF OA Interest Rate and HDB Mortgage Rate for 1 October 2019 to 31 December 2019</strong></td></tr><tr><td colspan="2"><p> <br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><p> </p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from May 2019 to July 2019<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.64% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for October 2019 to December 2019</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for October 2019 to December 2019</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from May 2019 to July 2019<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.64% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for October 2019 to December 2019</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for October 2019 to December 2019</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <strong>Note:</strong></p> ​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>31 May 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​1.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.7000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.6367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>30 Jun 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​1.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.7000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.6367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Jul 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​1.4000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.7000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.6367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>​31 May 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​1.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.7000</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Jun 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​1.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.7000</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jul 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​1.4000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.7000</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>31 May 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Jun 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jul 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 May 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.6367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Jun 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.6367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​31 Jul 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.6367</span></td></tr></tbody></table></div> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) </td></tr><tr><td> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a> <strong>Annex C</strong></div></td></tr><tr><td> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <strong>Computation of CPF SMA Interest Rate for 1 October 2019 to 31 December 2019</strong></p><p>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current interest rate floor of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher. </p></td></tr><tr></tr></tbody></table><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from August 2018 to July 2019<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.24%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for October to December 2019<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.24%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for October to December 2019</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from August 2018 to July 2019<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.24%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for October to December 2019<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.24%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for October to December 2019</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <strong>Note:</strong></p><p align="center">​ <img alt="10-Year SGS Yield - 20 Sep 2019" src="/Assets/common/PublishingImages/10YRSGS_20Sep2019.png" style="width:70%;" /></p><p>Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexD"></a> <strong>Annex D</strong></div></td></tr><tr><td> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <strong>Computation of CPF RA Interest Rate for 1 January 2019 to 31 December 2019</strong></p></td></tr><tr><td colspan="2">RA monies credited in 2019 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current rate floor of 4% per annum, whichever is higher. </td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2">The average yield of the 10YSGS plus 1% from November 2017 to October 2018 is 3.38% per annum. As this is below the current rate floor of 4% per annum, new SSGS issued in the year of 2019 will pay a fixed coupon of 4%.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2">The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.</td></tr></tbody></table></td></tr></tbody></table> <br>Government Extends Minimum 4% Interest Rate Floor on Special, MediSave and Retirement Account Monies until 31 December 202020/9/2019 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2809
CPF Interest Rates and HDB Mortgage Rate from 1 July 2019 to 30 September 2019 2374/News/news-categories-info/news-releases<br>  <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 July 2019 to 30 September 2019</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account</strong></li><li> <strong>Up to 5% per annum on the Special and MediSave Accounts</strong></li><li> <strong>Up to 5% per annum on the Retirement Account</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> </p><p> <strong>HDB mortgage rate from 1 July 2019 to 30 September 2019</strong></p><ul><li> <strong>Remains unchanged at 2.6% per annum</strong></li></ul></td></tr></tbody></table><p> </p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and MediSave accounts (SMA) monies in the third quarter of 2019. CPF members will also earn up to 5% per annum on their Retirement Account (RA) monies in 2019. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.</p><p>CPF members aged 55 and above will also earn an additional 1% extra interest on the first $30,000 of their combined balances (with up to $20,000 from the OA). 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or Retirement Account (RA) to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p> </p><p> <strong>Interest Rate for CPF Ordinary Account and HDB Mortgage Rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 July 2019 to 30 September 2019, as the computed rate of 0.60% is lower than the legislated minimum interest rate.</p><p>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 July 2019 to 30 September 2019.</p><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.</p><p>   <strong></strong></p><p> <strong>Interest Rate for Special and MediSave Acounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 July 2019 to 30 September 2019, as the computed rate of 3.37% is lower than the current floor interest rate of 4% per annum.</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate.</p><p>   <strong></strong></p><p> <strong>Interest Rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2019 to 31 December 2019, as announced on 27 September 2018.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate.</p><p>    <strong></strong></p><p> <strong>Public Enquiries</strong></p><p>CPF members can visit <a href="https://www.cpf.gov.sg/">cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries.</p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a><strong>Annex A<br></strong></div><div align="right"> <strong>​​<br></strong></div><p> <strong>Computation of CPF OA Interest Rate and HDB Mortgage Rate for 1 July 2019 to 30 September 2019</strong><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><p> </p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from February 2019 to April 2019<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.60% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for July 2019 to September 2019</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for July 2019 to September 2019</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from February 2019 to April 2019<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.60% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for July 2019 to September 2019</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for July 2019 to September 2019</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> ​</p><p align="center" style="text-align:left;"> <strong>Note:</strong></p> ​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>28 Feb 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.9500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.7000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.5167</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>31 Mar 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​1.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.7000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.6367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​30 Apr 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​1.4000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.7000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.6367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>​28 Feb 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.9500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.7000</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​1.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.7000</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​30 Apr 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​1.4000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.7000</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>28 Feb 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​30 Apr 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Feb 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.5167</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2019</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.6367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​30 Apr 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.6367</span></td></tr></tbody></table></div> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a><br><strong>Annex B</strong></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2" style="height:930px;"><tbody><tr><td colspan="2"> <strong>Computation of CPF SMA Interest Rate for 1 July 2019 to 30 September 2019</strong></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p><p> </p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from May 2018 to April 2019<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.37% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for July 2019 to September 2019<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.37%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for July 2019 to September 2019</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from May 2018 to April 2019<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.37% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for July 2019 to September 2019<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.37%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for July 2019 to September 2019</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <strong>Note:</strong></p><p align="center">​ <img alt="10-Year SGS Yield - 15 May 2019" src="/Assets/common/PublishingImages/10YRSGS_15May2019.png" style="width:93%;" /></p><p>Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a><strong>Annex C</strong></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <strong>Computation of CPF RA Interest Rate for 1 January 2019 to 31 December 2019</strong></p></td></tr><tr><td colspan="2">RA monies credited in 2019 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2">The average yield of the 10YSGS plus 1% from November 2017 to October 2018 is 3.38% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2019 will pay a fixed coupon of 4%.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2">The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.</td></tr></tbody></table></td></tr></tbody></table> <br>CPF Interest Rates and HDB Mortgage Rate from 1 July 2019 to 30 September 2019 14/5/2019 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2710
Reduction of CPF Investment Scheme fees deferred to 1 October 20202368/News/news-categories-info/news-releases<p>The second phase of reductions to the CPF Investment Scheme (CPFIS) sales charge and wrap fees cap will be deferred by one year from 1 October 2019 to 1 October 2020. This is in response to industry feedback that financial advisors require more time to adjust to the revised CPFIS fees structure.<br><br></p><p> <strong>Background</strong></p><p>In March 2018, the Ministry of Manpower announced the removal of the sales charge and a reduction of the wrap fees cap for the CPFIS in two phases.<sup>1</sup> The first phase of reduction took effect from 1 October 2018.<br></p><p> <em>Removal of sales charge under CPFIS</em></p><p>Currently, financial advisors are allowed to charge a sales charge of up to 1.5% for Investment-Linked Insurance Policies and unit trusts offered under CPFIS. The removal of the sales charge reduces the cost of investing for CPFIS members and better align investment behaviour to members who have the time and knowledge to invest. Today, these members are already able to buy unit trusts directly on online platforms for zero sales charge.<br></p><p> <em>Lower cap on wrap fees under CPFIS</em></p><p>Financial advisors today can charge a wrap fee of up to 0.7% of assets under management (AUM) per annum for CPFIS members with wrap accounts. The cap on annual wrap fees will be lowered to 0.4% of AUM per annum, similar to the fees that are charged by online investment platforms in the cash market.<br><br></p><p> <strong>CPFIS fee cap revisions</strong></p><p>The CPFIS fee cap revisions will be as follows:</p> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" style="width:33.33%;">​</td><td class="ms-rteTableOddCol-default" style="width:20%;"> <strong>Prior to Oct 2018</strong></td><td class="ms-rteTableOddCol-default" style="width:20%;"> <strong>From 1 Oct 2018</strong></td><td class="ms-rteTableOddCol-default" style="width:20%;"> <strong>From 1 Oct 2020<br><em>(previously 1 Oct 2019)</em></strong></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:33.33%;">​​<strong style="color:#444444;">Sales charge cap</strong><br><em>(for new CPFIS purchases)</em></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:20%;">​3.0%</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">1.5%</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">0%</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:33.33%;"> <span style="color:#444444;">​<strong>Wrap fee cap</strong><br><em>(for existing and new accounts)</em></span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:20%;"> <span style="color:#444444;">1.0%​</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <span style="color:#444444;">​0.7%</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <span style="color:#444444;">​0.4%</span></td></tr></tbody></table><p> </p><p> <strong>Public enquiries</strong></p><p>Members with enquiries may call the CPF Call Centre on 1800-227-1188 or email <a href="mailto:member@cpf.gov.sg">member@cpf.gov.sg</a>.<br><br> </p><p> <sup>1</sup>Speech by Mrs Josephine Teo, Second Minister for Manpower, at the Committee of Supply, 6 March 2018</p>Reduction of CPF Investment Scheme fees deferred to 1 October 202012/3/2019 8:30:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2699
CPF interest rates and HDB mortgage rate from 1 April 2019 to 30 June 2019 2365/News/news-categories-info/news-releases<br>  <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 April 2019 to 30 June 2019</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account</strong></li><li> <strong>Up to 5% per annum on the Special and MediSave Accounts</strong></li><li> <strong>Up to 5% per annum on the Retirement Account</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> </p><p> <strong>HDB mortgage rate from 1 April 2019 to 30 June 2019</strong></p><ul><li> <strong>Remains unchanged at 2.6% per annum</strong></li></ul></td></tr></tbody></table><p> </p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and MediSave Accounts (SMA) monies in the second quarter of 2019. CPF members will also earn up to 5% per annum on their Retirement Account (RA) monies in 2019. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.</p><p>CPF members aged 55 and above will also earn an additional 1% extra interest on the first $30,000 of their combined balances (with up to $20,000 from the OA). 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or Retirement Account (RA) to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p> </p><p> <strong>Interest rate for CPF Ordinary Account and HDB mortgage rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 April 2019 to 30 June 2019, as the computed rate of 0.42% is lower than the legislated minimum interest rate.</p><p>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 April 2019 to 30 June 2019.</p><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.</p><p>   <strong></strong></p><p> <strong>Interest rate for Special and MediSave accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 April 2019 to 30 June 2019, as the computed rate of 3.42% is lower than the current floor interest rate of 4% per annum.</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate.</p><p>   <strong></strong></p><p> <strong>Interest rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2019 to 31 December 2019, as announced on 27 September 2018.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate.</p><p>    <strong></strong></p><p> <strong>Public enquiries</strong></p><p>CPF members can visit <a href="https://www.cpf.gov.sg/">cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries.</p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a><strong>Annex A<br></strong></div><div align="right"> <strong>​​<br></strong></div><p> <strong>Computation of CPF OA interest rate and HDB mortgage rate for 1 January 2019 to 31 March 2019</strong><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><p> </p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from November 2018 to January 2019<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.42% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for April 2019 to June 2019</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for April 2019 to June 2019</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from November 2018 to January 2019<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.42% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for April 2019 to June 2019</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for April 2019 to June 2019</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> ​</p><p align="center" style="text-align:left;"> <strong>Note:</strong></p> ​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>30 Nov 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.8000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.3967</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>31 Dec 2018​</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.9500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.4367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Jan 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.9500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.4000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.4367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.8000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.4000</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2019​</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.9500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.4000</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jan 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.9500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.4000</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2018</strong><span aria-hidden="true"></span><strong></strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2019​</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jan 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.3967</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2019​</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.4367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​31 Jan 2019</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.4367</span></td></tr></tbody></table></div> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a><br><strong>Annex B</strong></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2" style="height:930px;"><tbody><tr><td colspan="2"> <strong>Computation of CPF SMA interest rate for 1 April 2019 to 30 June 2019</strong></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p><p> </p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from February 2018 to January 2019<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.42% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for April 2019 to June 2019<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.42%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for April 2019 to June 2019</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from February 2018 to January 2019<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.42% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for April 2019 to June 2019<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.42%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for April 2019 to June 2019</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <strong>Note:</strong></p><p align="center">​ <img alt="10-Year SGS Yield - 20 Feb 2019" src="/Assets/common/PublishingImages/10YRSGS_20Feb2019.png" style="width:93%;" /></p><p>Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a><strong>Annex C</strong></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <strong>Computation of CPF RA interest rate for 1 January 2019 to 31 December 2019</strong></p></td></tr><tr><td colspan="2">RA monies credited in 2019 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2">The average yield of the 10YSGS plus 1% from November 2017 to October 2018 is 3.38% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2019 will pay a fixed coupon of 4%.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2">The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.</td></tr></tbody></table></td></tr></tbody></table> <br>CPF interest rates and HDB mortgage rate from 1 April 2019 to 30 June 2019 19/2/2019 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2690
CPF interest rates from 1 January 2019 to 31 March 2019 and Basic Healthcare Sum for 20192359/News/news-categories-info/news-releases<br>  <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 January 2019 to 31 March 2019</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account</strong></li><li> <strong>Up to 5% per annum on the Special and MediSave Accounts</strong></li><li> <strong>Up to 5% per annum on the Retirement Account</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> </p><p> <strong>HDB mortgage rate from 1 January 2019 to 31 March 2019</strong></p><ul><li> <strong>Remains unchanged at 2.6% per annum</strong></li></ul><p> <strong></strong> </p><p> <strong>Basic Healthcare Sum (BHS) for 2019</strong></p><ul><li> <strong>For members below 65 years old in 2019, BHS will be $57,200</strong></li><li> <strong>For members who turn 65 years old in 2019, BHS will be $57,200 and will not change for the rest of their lives</strong><br> </li></ul></td></tr></tbody></table><p> </p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and MediSave Accounts (SMA) monies in the first quarter of 2019. CPF members will also earn up to 5% per annum on their Retirement Account (RA) monies in 2019. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.</p><p>CPF members aged 55 and above will also earn an additional 1% extra interest on the first $30,000 of their combined balances (with up to $20,000 from the OA). 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or Retirement Account (RA) to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p> </p><p> <strong>Interest rate for CPF Ordinary Account and HDB mortgage rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 January 2019 to 31 March 2019, as the computed rate of 0.40% is lower than the legislated minimum interest rate.</p><p>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 January 2019 to 31 March 2019.</p><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.</p><p>   <strong></strong></p><p> <strong>Interest rate for Special and MediSave accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 January 2019 to 31 March 2019, as the computed rate of 3.38% is lower than the current floor interest rate of 4% per annum.</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate.</p><p>   <strong></strong></p><p> <strong>Interest rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2019 to 31 December 2019, as announced on 27 September 2018.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate.</p><p>    <strong></strong></p><p> <strong>2019 Basic Healthcare Sum</strong></p><p>The Basic Healthcare Sum (BHS) is the estimated savings required for basic subsidised healthcare needs in old age. The BHS is adjusted yearly for members below age 65 to keep pace with the growth in MediSave withdrawals. Once members reach age 65, their BHS will be fixed for the rest of their lives.</p><p>From 1 January 2019,</p><ol><li>For members below 65 years old, their BHS will be raised from $54,500 to $57,200.</li><li>For members who turn 65 years old in 2019, their BHS will be fixed at $57,200, which will not change for the rest of their lives.</li></ol><p> <br>For members aged 66 and above in 2019, their cohort BHS had already been fixed and will remain unchanged.</p><p>Please refer to <a href="#AnnexD">Annex D</a> for the BHS for respective cohorts.</p><p>BHS is the cap to the MediSave Account (MA) and contributions in excess of a member’s BHS will be automatically transferred to his or her other CPF accounts. A higher BHS will allow for more savings to be kept in a member’s MA for his or her healthcare needs. CPF members do not have to top up their MA if they have less than the BHS.</p><p>    <strong></strong></p><p> <strong>Public enquiries</strong></p><p>CPF members can visit <a href="https://www.cpf.gov.sg/">cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries.</p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a><strong>Annex A<br></strong></div><div align="right"> <strong>​​<br></strong></div><p> <strong>Computation of CPF OA interest rate and HDB mortgage rate for 1 January 2019 to 31 March 2019</strong><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><p> </p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from August 2018 to October 2018<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.40% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for January 2019 to March 2019</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for January 2019 to March 2019</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from August 2018 to October 2018<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.40% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for January 2019 to March 2019</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for January 2019 to March 2019</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <strong>Note:</strong></p>​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>31 Aug 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.8000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.3967</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>30 Sep 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.8000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.4000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.3967</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Oct 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.8000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.4000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.3697</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Aug 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.8000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.4000</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.8000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.4000</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Oct 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.8000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.4000</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>31 Aug 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Oct 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>31 Aug 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.3967</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.3967</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Oct 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.3967</span></td></tr></tbody></table></div> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a><br><strong>Annex B</strong></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2" style="height:930px;"><tbody><tr><td colspan="2"> <strong>Computation of CPF SMA interest rate for 1 January 2019 to 31 March 2019</strong></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from November 2017 to October 2018<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.38% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for January 2019 to March 2019<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.38%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for January 2019 to March 2019</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from November 2017 to October 2018<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.38% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for January 2019 to March 2019<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.38%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for January 2019 to March 2019</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <strong>Note:</strong></p><p align="center">​ <img class="img-responsive" alt="10-Year SGS Yield" src="/Assets/common/PublishingImages/10YRSGS_16Nov2018.png" /><br></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a><strong>Annex C</strong></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <strong>Computation of CPF RA interest rate for 1 January 2019 to 31 December 2019</strong></p></td></tr><tr><td colspan="2">RA monies credited in 2019 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2">The average yield of the 10YSGS plus 1% from November 2017 to October 2018 is 3.38% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2019 will pay a fixed coupon of 4%.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2">The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.</td></tr></tbody></table></td></tr><tr><td> <br></td></tr><tr><td> <br></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexD"></a><strong>Annex D</strong></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <strong>Summary of BHS for respective cohorts</strong></p></td></tr><tr><td colspan="2">The prevailing BHS will be set at $57,200 from 1 January 2019 onwards. This applies to all CPF members aged 65 and below in 2019.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2"><p>For cohorts who turn 65 in 2019 or before, their cohort BHS is fixed for life. The following summarises the BHS for respective cohorts age 65 and above in 2019:</p><div style="text-align:center;"> </div><table width="100%" class="cpf-table cpf-form-table" style="text-align:center;"><thead style="text-align:center;"><tr><th style="text-align:center;">Age in 2019</th><th style="text-align:center;">Year where cohort turned age 65</th><th style="text-align:center;">Cohort BHS (fixed for life)</th></tr></thead><tbody><tr><td>65</td><td>2019</td><td>$57,200</td></tr><tr><td>66</td><td>2018</td><td>$54,500</td></tr><tr><td>67</td><td>2017</td><td>$52,000</td></tr><tr><td>68 and above</td><td>2016 or earlier</td><td>$49,800</td></tr></tbody></table><p> </p></td></tr></tbody></table></td></tr></tbody></table> <br>CPF interest rates from 1 January 2019 to 31 March 2019 and Basic Healthcare Sum for 201915/11/2018 8:20:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2655
Minimum 4% interest rate for Special, MediSave and Retirement Account monies to be extended until 31 December 20192356/News/news-categories-info/news-releases<br> <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 October 2018 to 31 December 2018</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account </strong></li><li> <strong>Up to 5% per annum on the Special and MediSave Accounts</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> <br></p><p> <strong>HDB mortgage rate from 1 October 2018 to 31 December 2018</strong></p><ul><li><p> <strong>Remains unchanged at 2.6% per annum</strong></p></li></ul></td></tr></tbody></table><p> </p><p>In view of the continuing low interest rate environment, the Government has decided to further extend the 4% floor rate for interest earned on all Special, MediSave and Retirement Account (SMRA) monies for another year until 31 December 2019.</p><p>Since 1 January 2008, savings in the SMRA have been invested in Special Singapore Government Securities (SSGS) which earn an interest rate pegged to the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%. This is a market-based rate for instruments of comparable risk and duration, and will ensure that members receive fair and reasonable interest rates.</p><p>To help members cope with the transition, the Government had committed to providing a 4% floor rate for SMRA interest for two years up to December 2009. This was subsequently extended in light of global economic conditions and the fact that interest rates had been exceptionally low. The current 4% floor rate is due to expire on 31 December 2018.<br></p><p> </p><p> <strong>CPF interest rates for Ordinary, Special and MediSave Accounts from 1 October 2018 to 31 December 2018</strong></p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and MediSave accounts (SMA) monies in the last quarter of 2018. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.</p><p>CPF members aged 55 and above will also earn an additional 1% extra interest 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or Retirement Account (RA) to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p>  </p><p> <strong>Interest rate for Ordinary Account and HDB mortgage rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 October 2018 to 31 December 2018, as the computed rate of 0.32% is lower than the legislated minimum interest rate.</p><p>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 October 2018 to 31 December 2018.</p><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.</p><p>   <strong></strong></p><p> <strong>Interest rate for Special and MediSave Accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 October 2018 to 31 December 2018, as the computed rate of 3.28% is lower than the current floor interest rate of 4% per annum.​​</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate.</p><p> </p><p> <strong>Interest rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2018 to 31 December 2018, as announced on 22 September 2017.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate. </p><p>  </p><p> <strong>Public enquiries</strong></p><p>CPF members can visit <a href="https://www.cpf.gov.sg/">cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries. </p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a> <span class="blackhighlight"> <a name="AnnexA"></a> <strong>Annex A<br></strong></span></div><div align="right"> <span class="blackhighlight"><strong>​​<br></strong></span></div><p> <strong></strong><span class="blackhighlight"><strong>Computation of CPF OA interest rate and HDB mortgage rate for 1 October 2018 to 31 December 2018</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><p> </p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from May 2018 to July 2018<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.32% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for October 2018 to December 2018</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for October 2018 to December 2018</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from May 2018 to July 2018<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.32% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for October 2018 to December 2018</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for October 2018 to December 2018</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><p align="center" style="text-align:left;"> <span class="blackhighlight"> <strong>Note:</strong></span></p> ​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>31 May 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.6000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.3033</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>30 Jun 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.6000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.3033</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Jul 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.6000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.4000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.3433</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 May 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.6000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Jun 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.6000</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​31 Jul 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.6000</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.4000</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>31 May 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Jun 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jul 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>31 May 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.3033</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Jun 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.3033</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​​31 Jul 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.3433</span></td></tr></tbody></table></div><table width="100%" border="0"><tbody><tr></tr></tbody></table> <br>(1) Balances of $20,000 to < $50,000 <br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"> <font face="Arial, Helvetica, sans-serif" size="2"></font></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a> <span class="blackhighlight"> <a name="AnnexB"></a> <br> <strong>Annex B</strong></span></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"> <span class="blackhighlight"><strong>Computation of CPF SMA interest rate for 1 October 2018 to 31 December 2018</strong></span></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.<br></p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from August 2017 to July 2018<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.28% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for October to December 2018<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.28%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for October to December 2018</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from August 2017 to July 2018<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.28% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for October to December 2018<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.28%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for October to December 2018</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <span class="blackhighlight"> <strong>Note:</strong></span></p><p align="center">​ <img alt="10-Year SGS - 27 Sep 2018" src="/Assets/common/PublishingImages/10YRSGS_27Sep2018.png" style="width:89.3%;height:auto;" /></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a> <span class="blackhighlight"> <a name="AnnexC"></a> <strong>Annex C</strong></span></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <span class="blackhighlight"><strong>Computation of CPF RA interest rate for 1 January 2018 to 31 December 2018</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2018 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher. </td><td valign="top"> </td></tr></tbody></table> <br> <p>The average yield of the 10YSGS plus 1% from November 2016 to October 2017 is 3.20% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2018 will pay a fixed coupon of 4%. <br> <br>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.<br></p></td></tr></tbody></table> ​​​​Minimum 4% interest rate for Special, MediSave and Retirement Account monies to be extended until 31 December 201927/9/2018 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2652
Enhancements to CPF Investment Scheme from 1 October 20182354/News/news-categories-info/news-releases<p>From 1 October 2018, the CPF Investment Scheme (CPFIS) will be enhanced to better suit members who have the knowledge and time to invest and are prepared to take investment risk. Members who either do not have the knowledge or time, or are not prepared to take investment risk are advised to leave their monies in CPF to earn risk-free interest rates instead. The changes were announced at the Ministry of Manpower Committee of Supply Debate in March 2018.</p><p>The enhancements are:</p><ol><li>Introduction of Self-Awareness Questionnaire<br> <br>A Self-Awareness Questionnaire (SAQ) will be introduced as part of the process of opening a CPFIS account from 1 October 2018. The SAQ will help CPF members assess whether CPFIS is suitable for them by providing them with feedback on their level of basic financial knowledge.<br> <br>Members can participate in the CPFIS after taking the SAQ, regardless of the feedback. CPF members who already have a CPFIS account are not required to take the SAQ, but are strongly encouraged to do so.</li><p> </p><li>Reduction of sales charge and maximum wrap fee<br> <br>To reduce the cost of investing, the following fee cap reductions will be made from 1 October 2018: <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" style="width:33.33%;">​</td><td class="ms-rteTableOddCol-default" style="width:33.33%;"> <strong style="color:#444444;">Current</strong>​</td><td class="ms-rteTableEvenCol-default" style="width:33.33%;">​<strong style="color:#444444;">From 1 October 2018</strong></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:33.33%;">​​<strong style="color:#444444;">Sales charge (for new CPFIS purchases)​</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:33.33%;">​3%</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:33.33%;"><p>1.5%</p></td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:33.33%;"> <span style="color:#444444;">​<strong>Wrap fee (for existing and new accounts)</strong></span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:33.33%;"> <span style="color:#444444;">1%​</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:33.33%;"> <span style="color:#444444;">​0.7%</span></td></tr></tbody></table> <br> Sales charges are upfront fees paid to intermediaries upon the purchase of funds while wrap fees cover advisory services and the costs to maintain the wrap account.</li></ol><p> </p><p> <strong>Public enquiries</strong></p><p>Members with enquiries may call the CPF Call Centre on 1800-227-1188 or email <a href="mailto:member@cpf.gov.sg">member@cpf.gov.sg</a>. </p>Enhancements to CPF Investment Scheme from 1 October 201824/9/2018 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2650
CPF members to enjoy lower premiums for home protection insurance 2352/News/news-categories-info/news-releases<p>Come 1 July 2018, about 510,000 CPF members covered by the Home Protection Scheme (HPS) will enjoy a reduction on their annual HPS premiums. This constitutes 95% of HPS members paying annual premiums while the rest will continue to enjoy the low premium rates they are currently paying. Three in four of these members will see reductions of 10% or more.</p><p>HPS is a mortgage-reducing insurance that protects CPF members and their families against losing their HDB flats in the event of death, terminal illness or total permanent disability before their housing loans are paid up. CPF members have to be insured under HPS if they are using CPF savings to pay for the monthly housing loan instalments of their HDB flats. Those who do not use their CPF savings to service their housing loans can also voluntarily apply to be insured under HPS.</p><p>The CPF Board conducts periodic reviews to ensure that HPS premiums remain affordable for CPF members. Through better than expected investment returns and claims experience, the Board is able to reduce the HPS premiums. This will allow members to continue to enjoy affordable home protection insurance for their HDB flats while maintaining the long-term sustainability of the Home Protection fund. The last premium reduction was conducted in 2012.</p><p>With the reduction in premiums, a male member aged 32 who is servicing a $200,000 housing loan from HDB for 30 years will pay a reduced annual premium of $183.20 instead of $215 (equivalent to a 15% reduction), when he joins the scheme from 1 July 2018.</p><p>Members who join the HPS scheme on or after 1 July 2018 will get to enjoy the new rates, while existing members paying annual HPS premiums will pay the reduced premiums when they renew or adjust their HPS coverage on or after 1 July 2018.</p><p>Members can check their CPF Statement of Accounts online in the month of the premium deduction for their new HPS premiums. Potential home-buyers can estimate the new HPS premiums using the HPS calculator on the CPF website from 1 July 2018.</p><p> </p><p> <strong><u>Public enquiries</u></strong></p><p>Members with enquiries may call the CPF Call Centre on 1800-227 1188 or email member@cpf.gov.sg.</p><p> </p><p> <strong><u>Annex</u></strong></p><p> <u>About the Home Protection Scheme</u></p><p>Home Protection Scheme (HPS) is a compulsory mortgage-reducing insurance scheme to protect families of members who are using their CPF savings to service their housing loans for HDB flats, subject to them being in good health and payment of premiums. HPS premiums are determined by various factors including the outstanding loan amount, loan repayment period, type of loan (concessionary or market rate), gender and age of the member.</p><p>Members may use their CPF Ordinary Account savings to pay the annual insurance premiums. If members do not have sufficient Ordinary Account balance to pay the premium, members can top up their CPF Ordinary Account through various electronic channels or pay in cash at any Singapore Post branch office. Alternatively, family members (spouse/parent/child/sibling) who are co-owners may authorise the use of their CPF savings to pay the shortfall in the premium after the available balance from member’s account has been deducted. Members are covered for the period of the housing loan or until they reach the maximum cover age of 65, whichever is earlier.</p>CPF members to enjoy lower premiums for home protection insurance 26/6/2018 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2641
CPF interest rates and HDB mortgage rate from 1 July 2018 to 30 September 20182350/News/news-categories-info/news-releases<br>  <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 July 2018 to 30 September 2018</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account </strong></li><li> <strong>Up to 5% per annum on the Special and Medisave accounts</strong></li><li> <strong>Up to 5% per annum on the Retirement Account</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> <br></p><p> <strong>HDB mortgage rate from 1 July 2018 to 30 September 2018</strong></p><ul><li><p> <strong>Remains unchanged at 2.6% per annum<br></strong></p></li></ul></td></tr></tbody></table><p> </p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave accounts (SMA) monies in the third quarter of 2018. CPF members will also earn up to 5% per annum on their Retirement Account (RA) monies in 2018. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.</p><p>CPF members aged 55 and above will also earn an additional 1% extra interest 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or RA to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p>    <strong></strong></p><p> <strong>Interest rate for Ordinary Account and HDB mortgage rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 July 2018 to 30 September 2018, as the computed rate of 0.24% is lower than the legislated minimum interest rate.</p><p>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 July 2018 to 30 September 2018.</p><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.  </p><p>   <strong></strong></p><p> <strong>Interest rate for Special and Medisave accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 July 2018 to 30 September 2018, as the computed rate of 3.17% is lower than the current floor interest rate of 4% per annum.</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate. </p><p>   <strong></strong></p><p> <strong>Interest rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2018 to 31 December 2018, as announced on 22 September 2017.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate. </p><p>    <strong></strong></p><p> <strong>Public enquiries</strong></p><p>CPF members can visit <a href="https://www.cpf.gov.sg/">cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries. </p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a><span class="blackhighlight"><a name="AnnexA"></a><strong>Annex A<br></strong></span></div><div align="right"> <span class="blackhighlight"><strong>​​<br></strong></span></div><p> <strong></strong> <span class="blackhighlight"> <strong>Computation of CPF OA interest rate and HDB mortgage rate for 1 July 2018 to 30 September 2018</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.<br></p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from February 2018 to April 2018<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for July 2018 to September 2018</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for July 2018 to September 2018</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from February 2018 to April 2018<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for July 2018 to September 2018</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for July 2018 to September 2018</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p><div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>28 Feb 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>31 Mar 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​30 Apr 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>28 Feb 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​30 Apr 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>28 Feb 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​30 Apr 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>28 Feb 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2018</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​​30 Apr 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2367</span></td></tr></tbody></table></div> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"> <font face="Arial, Helvetica, sans-serif" size="2"></font></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a><span class="blackhighlight"><a name="AnnexB"></a><br><strong>Annex B</strong></span></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2" style="height:930px;"><tbody><tr><td colspan="2"> <span class="blackhighlight"><strong>Computation of CPF SMA interest rate for 1 July 2018 to 30 September 2018</strong></span></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher. <br></p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from May 2017 to April 2018<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.17% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for July to September 2018<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.17%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for July to September 2018</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from <span aria-hidden="true"></span>May 2017 to April 2018<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.17% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for July to September 2018<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.17%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for July to September 2018</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p><p align="center">​ <img class="img-responsive" alt="10-Year SGS Yield - 23 May 2018" src="/Assets/common/PublishingImages/10YRSGS_23May2018.jpg" /><br></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a><br></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a><span class="blackhighlight"><a name="AnnexC"></a><strong>Annex C</strong></span></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <span class="blackhighlight"> <strong>Computation of CPF RA interest rate for 1 January 2018 to 31 December 2018</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2018 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher. </td><td valign="top"> </td></tr></tbody></table> <br> <p>The average yield of the 10YSGS plus 1% from November 2016 to October 2017 is 3.20% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2018 will pay a fixed coupon of 4%.</p><p>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.<br></p></td></tr></tbody></table> <br>CPF interest rates and HDB mortgage rate from 1 July 2018 to 30 September 201823/5/2018 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2638
CPF interest rates and HDB mortgage rate from 1 April 2018 to 30 June 20182345/News/news-categories-info/news-releases<br>  <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 April 2018 to 30 June 2018</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account </strong></li><li> <strong>Up to 5% per annum on the Special and Medisave Accounts</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> <br></p><p> <strong>HDB mortgage rate from 1 April 2018 to 30 June 2018</strong></p><ul><li><p> <strong>Remains unchanged at 2.6% per annum<br></strong></p></li></ul></td></tr></tbody></table><p> </p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the second quarter of 2018. CPF members will also earn up to 5% per annum on their Retirement Account (RA) monies in 2018. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.</p><p>CPF members aged 55 and above will also earn an additional 1% extra interest 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or RA to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p>    <strong></strong></p><p> <strong>Interest rate for Ordinary Account and HDB mortgage rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 April 2018 to 30 June 2018, as the computed rate of 0.24% is lower than the legislated minimum interest rate.<br>  <br>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 April 2018 to 30 June 2018.</p><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.  </p><p>   <strong></strong></p><p> <strong>Interest rate for Special and Medisave Accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 April 2018 to 30 June 2018, as the computed rate of 3.14% is lower than the current floor interest rate of 4% per annum.</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate. </p><p>   <strong></strong></p><p> <strong>Interest rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2018 to 31 December 2018, as announced on 22 September 2017.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate. </p><p>    <strong></strong></p><p> <strong>Public enquiries</strong></p><p>CPF members can visit <a href="https://www.cpf.gov.sg/">cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries. </p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a><span class="blackhighlight"><a name="AnnexA"></a><strong>Annex A<br></strong></span></div><div align="right"> <span class="blackhighlight"> <strong>​​<br></strong></span></div><p> <strong></strong> <span class="blackhighlight"> <strong>Computation of CPF OA interest rate and HDB mortgage rate for 1 April 2018 to 30 June 2018</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.<br></p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from November 2017 to January 2018<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for April 2018 to June 2018</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for April 2018 to June 2018</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from November 2017 to January 2018<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for April 2018 to June 2018</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for April 2018 to June 2018</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> ​</p><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p> ​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>30 Nov 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>31 Dec 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Jan 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jan 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jan 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​31 Jan 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2367</span></td></tr></tbody></table></div> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"> <font face="Arial, Helvetica, sans-serif" size="2"></font></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a><span class="blackhighlight"><a name="AnnexB"></a><br><strong>Annex B</strong></span></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2" style="height:930px;"><tbody><tr><td colspan="2"> <span class="blackhighlight"> <strong>Computation of CPF SMA interest rate for 1 April 2018 to 30 June 2018</strong></span></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p><p> </p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from February 2017 to January 2018<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.14% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for April to June 2018<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.14%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for April to June 2018</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from February 2017 to January 2018<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.14% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for April to June 2018<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.14%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for April to June 2018</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p><p align="center">​ <img class="img-responsive" alt="10-Year SGS Yield" src="/Assets/common/PublishingImages/10YRSGS_20Feb2018.jpg" /><br></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a><span class="blackhighlight"><a name="AnnexC"></a><strong>Annex C</strong></span></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <span class="blackhighlight"> <strong>Computation of CPF RA interest rate for 1 January 2018 to 31 December 2018</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2018 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher. </td><td valign="top"> </td></tr></tbody></table> <br> <p>The average yield of the 10YSGS plus 1% from November 2016 to October 2017 is 3.20% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2018 will pay a fixed coupon of 4%. <br> <br>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.<br></p></td></tr></tbody></table> <br>CPF interest rates and HDB mortgage rate from 1 April 2018 to 30 June 201820/2/2018 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2630
CPF interest rates from 1 January 2018 to 31 March 2018 and Basic Healthcare Sum for 20182342/News/news-categories-info/news-releases<br>  <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 January 2018 to 31 March 2018</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account</strong></li><li> <strong>Up to 5% per annum on the Special and Medisave Accounts</strong></li><li> <strong>Up to 5% per annum on the Retirement Account</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> </p><p> <strong>HDB mortgage rate from 1 January 2018 to 31 March 2018</strong></p><ul><li> <strong>Remains unchanged at 2.6% per annum</strong></li></ul><p> <strong></strong> </p><p> <strong>Basic Healthcare Sum (BHS) for 2018</strong></p><ul><li> <strong>For members below 65 years old in 2018, BHS will be $54,500</strong></li><li> <strong>For members who turn 65 years old in 2018, BHS will be $54,500 and will not change for the rest of their lives</strong><br> </li></ul></td></tr></tbody></table><p> </p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the first quarter of 2018. CPF members will also earn up to 5% per annum on their Retirement Account (RA) monies in 2018. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.</p><p>CPF members aged 55 and above will also earn an additional 1% extra interest 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or RA to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p> </p><p> <strong>Interest rate for Ordinary Account and HDB mortgage rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 January 2018 to 31 March 2018, as the computed rate of 0.24% is lower than the legislated minimum interest rate.</p><p>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 January 2018 to 31 March 2018.</p><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.</p><p>   <strong></strong></p><p> <strong>Interest rate for Special and Medisave Accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 January 2018 to 31 March 2018, as the computed rate of 3.20% is lower than the current floor interest rate of 4% per annum.</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate.</p><p>   <strong></strong></p><p> <strong>Interest rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2018 to 31 December 2018, as announced on 22 September 2017.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate.</p><p>    <strong></strong></p><p> <strong>2018 Basic Healthcare Sum</strong></p><p>The Basic Healthcare Sum (BHS) is the estimated savings required for basic subsidised healthcare needs in old age. The BHS is adjusted yearly for members below age 65 to keep pace with the growth in Medisave withdrawals. Once members reach age 65, their BHS will be fixed for the rest of their lives.</p><p>From 1 January 2018,</p><ol><li>For members below 65 years old, their BHS will be raised from $52,000 to $54,500.</li><li>For members who turn 65 years old in 2018, their BHS will be fixed at $54,500, which will not change for the rest of their lives.</li></ol><p> <br>For members aged 66 and above in 2018, their cohort BHS had already been fixed and will remain unchanged.</p><p>BHS is the cap to the Medisave Account and contributions in excess of a member’s BHS will be automatically transferred to his other CPF accounts. A higher BHS will allow for more savings to be kept in a member’s Medisave Account for their healthcare needs. CPF members do not have to top up their Medisave Accounts if they do not meet the BHS.</p><p>    <strong></strong></p><p> <strong>Public enquiries</strong></p><p>CPF members can visit <a href="https://www.cpf.gov.sg/">cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries.</p><p> </p><div align="right"> <a name="AnnexA"></a> <strong>Annex A<br></strong></div><div align="right"> <strong>​​<br></strong></div><p> <strong>Computation of CPF OA interest rate and HDB mortgage rate for 1 January 2018 to 31 March 2018</strong><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from August 2017 to October 2017<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for January 2018 to March 2018</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for January 2018 to March 2018</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from August 2017 to October 2017<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for January 2018 to March 2018</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for January 2018 to March 2018</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <strong>Note:</strong></p> <img alt="Banks’ interest rate for Aug 2017 to Oct 2017" src="/Assets/common/PublishingImages/16Nov17_CPFInterestRates_AnnexA_Table2.png" style="width:100%;" /> ​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>31 Aug 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>30 Sep 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Oct 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Aug 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​31 Oct 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>31 Aug 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Oct 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Aug 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​​31 Oct 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2367</span></td></tr></tbody></table></div> <br> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a> <br> <strong>Annex B</strong></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2" style="height:930px;"><tbody><tr><td colspan="2"> <strong>Computation of CPF SMA interest rate for 1 January 2018 to 31 March 2018</strong></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.<br></p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from November 2016 to October 2017<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.20% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for January 2018 to March 2018<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.20%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for January 2018 to March 2018</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from November 2016 to October 2017<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.20% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for January 2018 to March 2018<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.20%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for January 2018 to March 2018</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <strong>Note:</strong></p><p align="center">​ <img alt="10-Year SGS Yield" src="/Assets/common/PublishingImages/10YRSGS_16Nov2017.png" style="width:100%;height:auto;" /><br></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a> <strong>Annex C</strong></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <strong>Computation of CPF RA interest rate for 1 January 2018 to 31 December 2018</strong></p></td></tr><tr><td colspan="2">RA monies credited in 2018 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2">The average yield of the 10YSGS plus 1% from November 2016 to October 2017 is 3.20% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2018 will pay a fixed coupon of 4%.</td></tr><tr><td valign="top"> </td></tr><tr><td colspan="2">The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.</td></tr></tbody></table></td></tr></tbody></table> <br>CPF interest rates from 1 January 2018 to 31 March 2018 and Basic Healthcare Sum for 201816/11/2017 9:15:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2626
Minimum 4% interest rate for Special, Medisave and Retirement Account monies to be extended until 31 December 20182341/News/news-categories-info/news-releases<br> <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 October 2017 to 31 December 2017</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account </strong></li><li> <strong>Up to 5% per annum on the Special and Medisave Accounts</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> <br></p><p> <strong>HDB mortgage rate from 1 October 2017 to 31 December 2017</strong></p><ul><li><p> <strong>Remains unchanged at 2.6% per annum</strong></p></li></ul></td></tr></tbody></table><p> </p><p>In view of the continuing low interest rate environment, the Government has decided to further extend the 4% floor rate for interest earned on all Special, Medisave and Retirement Account (SMRA) monies for another year until 31 December 2018.</p><p>Since 1 January 2008, savings in the SMRA have been invested in Special Singapore Government Securities (SSGS) which earn an interest rate pegged to the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%. This is a market-based rate for instruments of comparable risk and duration, and will ensure that members receive fair and reasonable interest rates.</p><p>To help members cope with the transition, the Government had committed to providing a 4% floor rate for SMRA interest for two years up to December 2009. This was subsequently extended in light of global economic conditions and the fact that interest rates had been exceptionally low. The current 4% floor rate is due to expire on 31 December 2017.<br></p><p> </p><p> <strong>CPF interest rates for Ordinary, Special and Medisave Accounts from 1 October 2017 to 31 December 2017</strong></p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the last quarter of 2017. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members. </p><p>CPF members aged 55 and above will also earn an additional 1% extra interest 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or Retirement Account (RA) to enhance his or her retirement savings. If the member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p>  </p><p> <strong>Interest rate for Ordinary Account and HDB mortgage rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 October 2017 to 31 December 2017, as the computed rate of 0.24% is lower than the legislated minimum interest rate.<br> <br>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 October 2017 to 31 December 2017.</p><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.</p><p>   <strong></strong></p><p> <strong>Interest rate for Special and Medisave Accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 October 2017 to 31 December 2017, as the computed rate of 3.12% is lower than the current floor interest rate of 4% per annum.​​</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate.</p><p> </p><p> <strong>Interest rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2017 to 31 December 2017, as announced on 29 November 2016.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate. </p><p>  </p><p> <strong>Public enquiries</strong></p><p>CPF members can visit <a href="https://www.cpf.gov.sg/">cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries. </p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a><span class="blackhighlight"><a name="AnnexA"></a><strong>Annex A<br></strong></span></div><div align="right"> <span class="blackhighlight"><strong>​​<br></strong></span></div><p> <strong></strong> <span class="blackhighlight"> <strong>Computation of CPF OA interest rate and HDB mortgage rate for 1 October 2017 to 31 December 2017</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from May 2017 to July 2017<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for October 2017 to December 2017</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for October 2017 to December 2017</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from May 2017 to July 2017<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for October 2017 to December 2017</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for October 2017 to December 2017</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p>​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>31 May 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>30 Jun 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Jul 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>​31 May 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Jun 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">31 Jul 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>​31 May 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Jun 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jul 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>​31 May 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Jun 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​31 Jul 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2367</span></td></tr></tbody></table></div><table width="100%" border="0"><tbody><tr></tr></tbody></table> <br>(1) Balances of $20,000 to < $50,000 <br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"> <font face="Arial, Helvetica, sans-serif" size="2"></font></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a><span class="blackhighlight"><a name="AnnexB"></a><br><strong>Annex B</strong></span></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"> <span class="blackhighlight"> <strong>Computation of CPF SMA interest rate for 1 October 2017 to 31 December 2017</strong></span></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher. <br></p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from August 2016 to July 2017<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.12% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for October 2017 to December 2017<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.12%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for October 2017 to December 2017</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from August 2016 to July 2017<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.12% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for October 2017 to December 2017<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.12%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for October 2017 to December 2017</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p><p align="center">​ <img alt="10-Year SGS - 22 Sep 2017" src="/Assets/common/PublishingImages/10YRSGS_22Sep2017.png" style="width:94.5%;height:auto;" /></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a><span class="blackhighlight"><a name="AnnexC"></a><strong>Annex C</strong></span></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <span class="blackhighlight"> <strong>Computation of CPF RA interest rate for 1 January 2017 to 31 December 2017</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2017 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher. </td><td valign="top"> </td></tr></tbody></table> <br> <p>The average yield of the 10YSGS plus 1% from November 2015 to October 2016 is 3.08% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2017 will pay a fixed coupon of 4%. <br><br>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.<br></p></td></tr></tbody></table> ​​​​Minimum 4% interest rate for Special, Medisave and Retirement Account monies to be extended until 31 December 201822/9/2017 1:55:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2625
Bringing retirement planning closer to CPF members2340/News/news-categories-info/news-releases<p> </p> <i> <strong>- CPF Board reaching out to members at roadshows on how they can act now for a better retirement</strong></i> <p> </p><p>The CPF Retirement Planning Roadshow series is back again this year with a whole new slew of interactive activities to engage CPF members island-wide. Organised by the CPF Board (CPFB) as part of its Big ‘R’ Chat campaign - an ongoing outreach initiative to create awareness of the holistic role of the CPF system in retirement planning - this year’s series of roadshows will be held over five weekends from August to November 2017 at various locations with a targeted reach of over 80,000 members. It will see staff from across the Board stepping forward to encourage CPF members to act now for a better retirement with their CPF.</p><p>​ </p><p> <strong>Reaching out as one TEAM CPF</strong></p><p>In true TEAM CPF spirit, CPFB staff of all ages from across the Board have stepped forward as volunteers for the 2017 CPF Retirement Planning Roadshows. These volunteers range from customer service executives to staff from non-frontline departments such as Information Technology and Human Resource. Armed with their knowledge of CPF schemes and personal experience, these staff volunteers seek to help members gain a better understanding of how CPF supports their retirement, and inspire them to take tangible actions now to make the most of their CPF savings for themselves and their loved ones, such as through CPF transfers or cash top-ups to their CPF accounts. </p><p>​ </p><p> <strong>A fun and interactive take on retirement planning with CPF</strong></p><p>In response to positive feedback from members who visited previous CPF roadshows, this year’s roadshows will again feature a wide-range of interactive exhibits to help visitors learn about the different ways in which CPF supports them in their retirement and the simple steps to take to better prepare for their golden years. For example, through the use of the Retirement Estimator at the roadshows, visitors can find out how much they need to save for retirement and how CPF LIFE helps to meet their desired monthly income in retirement. Visitors can also take a walk through a life journey of a typical Singaporean and learn how choices they make in key life stages have an impact on their future at an Augmented Reality experience booth. Other fun activities which visitors can enjoy at the roadshow with their entire family include a life-sized Jenga game and claw machines. Please see <a href="#AnnexA">Annex A</a> for the schedule of the CPF Retirement Planning Roadshows.</p><p>Mr Ng Chee Peng, Chief Executive Officer of CPFB, said, “CPFB has intensified our outreach efforts over the past few years. We want to connect with our members at a personal level to help make retirement planning less daunting. The large number of CPFB staff volunteers at this year’s roadshows is a testament of our commitment to help members on their retirement planning journey, and the options they have to make it even better. We are also using digital platforms to make information on the CPF system more engaging and accessible to everyone.”</p><p>In an effort to continue to engage our members in fun and unique ways, the 2017 Big ‘R’ Chat campaign has various digital platforms for members to learn how they can build up their own and their loved ones’ retirement savings. One such example is the Big ‘R’ Chat microsite, where members can make use of online visualisation tools to obtain estimates of how much their savings can grow when they do yearly or monthly cash top-ups to their CPF account, or how much CPF Ordinary Account savings they can build up if they choose to service their housing monthly instalments with a combination of cash and CPF.</p><p style="text-align:center;">​ -END-<br></p><p>​ </p><p> <strong>About the Big ‘R’ Chat campaign</strong></p><p>Initiated in 2015, the Big ‘R (Retirement)’ Chat integrated campaign is part of the CPF Board’s ongoing outreach initiative to create awareness and understanding of the holistic role of the CPF system in retirement planning. It aims to make it easier for members to become better informed about CPF benefits and enhancements so that they can better plan for their future. </p><p>​ <br></p><p> <a name="AnnexA"></a> <strong>Annex A: Schedule of roadshows</strong></p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#dddddd" style="width:33.33%;"> <strong>Venue</strong></td><td class="ms-rteTableOddCol-default" bgcolor="#dddddd" style="width:33.33%;"> <strong>Date</strong></td><td class="ms-rteTableEvenCol-default" bgcolor="#dddddd" style="width:33.33%;"> <strong>Time</strong></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Toa Payoh HDB Hub<br></td><td class="ms-rteTableOddCol-default">12 – 13 August<br></td><td class="ms-rteTableEvenCol-default" rowspan="5"><p style="text-align:center;"> <br> </p><p style="text-align:center;"> <br> </p><p style="text-align:center;">11 am – 6 pm</p> ​<br> ​<br> ​ ​<br></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default">Our Tampines Hub</td><td class="ms-rteTableOddCol-default">16 – 17 September<br></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Canopy @J Link</td><td class="ms-rteTableOddCol-default">30 September – 1 October</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default">Suntec City West Atrium</td><td class="ms-rteTableOddCol-default">21 – 22 October</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Compass One</td><td class="ms-rteTableOddCol-default">4 – 5 November</td></tr></tbody></table> <br>Bringing retirement planning closer to CPF members10/8/2017 1:55:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2618
$635.1 million in CPF arrears recovered by the CPF Board in 20162338/News/news-categories-info/news-releases<p>The CPF Board (CPFB) has recovered about $635.1 million in CPF arrears from cases closed in 2016, benefitting over 380,000 employees. The CPF arrears recovered were from underpayment, non-payment and late payment of CPF contributions by employers. The breakdown of the CPF arrears recovered can be found in the <strong> <a href="#Annex">Annex</a></strong>.<br><br></p><p> <strong>Underpayment and non-payment of CPF contributions</strong></p><p>In 2016, $19.7 million was recovered from cases of underpayment or non-payment from 1,608 employers, benefitting 16,202 employees. Among these cases, 32 employers voluntarily came forward to self-rectify upon realising they were not compliant with the CPF Act.</p><p>The highest amount recovered through self-rectification in 2016 was from an employer in the financial sector who informed the Board in March 2016 that they had wrongly classified their employees’ incentives payments as Ordinary Wages (OW) instead of Additional Wages (AW). This resulted in underpayment of CPF contributions as the company had applied the monthly OW ceiling when computing CPF contributions for their employees instead of the annual AW ceiling.</p><p>After the CPF Board verified with the employer’s records, the employer paid up CPF arrears amounting to more than $400,000 for the period between 2004 and 2016. This benefitted about 180 employees.</p><p>The Board also actively follows up on feedback from members of the public to help workers recover their due CPF contributions. One such case was when the Board received an anonymous feedback in March 2015 that a restaurant was not paying CPF for their part-time employees. The Board acted on the feedback and conducted a field visit to the restaurant. The employer admitted that he did not pay CPF for their part-time employees and claimed he was not aware that part-time employers were also eligible for CPF contributions. The Board then worked out an instalment plan to help the employer fully pay up the CPF arrears amounting to about $50,000 for 118 employees for the period between January 2013 and March 2015.<br><br></p><p> <strong>Late payment of CPF contributions</strong></p><p>The remaining $615.4 million recovered were late CPF contributions from an average of about 5,440 employers each month in 2016. Most of the late payments were recovered within a month. The Board’s timely detection and follow-up enforcement actions assisted more than 363,000 workers in receiving their due CPF contributions.</p><p>CPFB Group Director of Employer Collections and Enforcement Ms Belinda Teoh said, “Through the Board’s three-pronged approach of education, deterrence and enforcement, we are able to help CPF members recover owed and late CPF contributions from employers. This year, we are particularly encouraged by the 32 employers who came forward to self-rectify in 2016 which resulted in the recovery of about $1.0 million in arrears for about 800 employees. We will continue to increase awareness among employers of their duty and responsibility to meet their CPF obligations so as to help members meet their retirement, housing and healthcare needs.”<br><br></p><p> <strong>Convictions of Non-Compliance with CPF Act in 2016</strong></p><p>There were 22 convictions for non-payment and underpayment of CPF and 350 convictions for late payment last year. All convicted employers were fined and ordered to pay the CPF arrears by the State Court.</p><p>Employers are reminded of their CPF obligations to their local employees. Workers should also check their CPF accounts via the CPF website regularly to ensure that their employers have made the correct CPF contributions. To report non-payment or underpayment of CPF contributions, or non-compliance with the Employment Act, members of the public can call 1800-221-9922 or email <a href="mailto:workright@mom.gov.sg">workright@mom.gov.sg</a>. All information provided will be kept strictly confidential.<br><br></p><p> <a name="Annex"></a> <strong>Annex: Breakdown of CPF arrears recovered in 2016<br></strong></p><table class="cpf-table cpf-form-table " style="width:100%;text-align:left;"><thead><tr><th width="25%"> <br> </th><th width="25%"> <strong>CPF contributions recovered</strong> </th><th width="25%" colspan="1"> <strong>No. of employees who benefitted</strong>​</th><th width="25%" colspan="1">​<strong>No. of employers from which CPF was recovered</strong></th></tr><tr><th> <strong>Underpay​m​​ent/ Non-payment</strong>​<br></th><td>$19.7 million</td><td colspan="1">​16,202</td><td colspan="1">1,608</td></tr><tr><th> <strong>Late payment</strong></th><td>$615.4 million</td><td colspan="1">​More than 363,000</td><td colspan="1">​About 5,440 per month</td></tr></thead></table>$635.1 million in CPF arrears recovered by the CPF Board in 20165/6/2017 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2577
CPF interest rates from 1 July 2017 to 30 September 20172337/News/news-categories-info/news-releases<br>  <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 July 2017 to 30 September 2017</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account </strong></li><li> <strong>Up to 5% per annum on the Special and Medisave Accounts</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> </p><p> <strong>HDB mortgage rate from 1 July 2017 to 30 September 2017</strong></p><ul><li><p> <strong>Remains unchanged at 2.6% per annum<br></strong></p></li></ul></td></tr></tbody></table><p> </p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the third quarter of 2017. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.</p><p>CPF members aged 55 and above will also earn an additional 1% extra interest 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or Retirement Account (RA) to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p>    <strong></strong></p><p> <strong>Interest rate for Ordinary Account and HDB mortgage rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 July 2017 to 30 September 2017, as the computed rate of 0.24% is lower than the legislated minimum interest rate.<br>  <br>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 July 2017 to 30 September 2017. </p><p>Please refer to Annex A for the detailed computation of the OA interest rate and HDB mortgage rate.  </p><p>   <strong></strong></p><p> <strong>Interest rate for Special and Medisave Accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 July 2017 to 30 September 2017, as the computed rate of 3.09% is lower than the current floor interest rate of 4% per annum.</p><p>Please refer to Annex B for the detailed computation of the SMA interest rate. </p><p>   <strong></strong></p><p> <strong>Interest rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2017 to 31 December 2017, as announced on 29 November 2016.</p><p>Please refer to Annex C for the detailed computation of the RA interest rate. </p><p>    <strong></strong></p><p> <strong>Public enquiries</strong></p><p>CPF members can visit cpf.gov.sg or call the CPF Call Centre at 1800-227-1188 for enquiries. </p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a><span class="blackhighlight"><a name="AnnexA"></a><strong>Annex A<br></strong></span></div><div align="right"> <span class="blackhighlight"><strong>​​<br></strong></span></div><p> <strong></strong> <span class="blackhighlight"> <strong>Computation of CPF OA interest rate and HDB mortgage rate for 1 July 2017 to 30 September 2017</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from February 2017 to April 2017<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for July 2017 to September 2017</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for July 2017 to September 2017</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from February 2017 to April 2017<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for July 2017 to September 2017</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for July 2017 to September 2017</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p> ​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>28 Feb 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>31 Mar 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Apr 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>28 Feb 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​31 Apr 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>28 Feb 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Apr 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>28 Feb 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​​31 Apr 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2367</span></td></tr></tbody></table></div> <br> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"> <font face="Arial, Helvetica, sans-serif" size="2"></font></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a><span class="blackhighlight"><a name="AnnexB"></a><br><strong>Annex B</strong></span></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2" style="height:930px;"><tbody><tr><td colspan="2"> <span class="blackhighlight"><strong>Computation of CPF SMA interest rate for 1 July 2017 to 30 September 2017</strong></span></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from May 2016 to April 2017<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.09% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for July 2017 to September 2017<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.09%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for July 2017 to September 2017</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from May 2016 to April 2017<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.09% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for July 2017 to September 2017<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.09%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for July 2017 to September 2017</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p><p align="center">​ <img alt="10-Year SGS Yield" src="/Assets/common/PublishingImages/10YRSGS_12May2017.png" style="width:100%;height:auto;" /><br></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a><span class="blackhighlight"><a name="AnnexC"></a><strong>Annex C</strong></span></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <span class="blackhighlight"> <strong>Computation of CPF RA interest rate for 1 January 2017 to 31 December 2017</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2017 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher. </td><td valign="top"> </td></tr></tbody></table> <br> <p>The average yield of the 10YSGS plus 1% from November 2015 to October 2016 is 3.08% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2017 will pay a fixed coupon of 4%. <br> <br>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.<br></p></td></tr></tbody></table> <br>CPF interest rates from 1 July 2017 to 30 September 201712/5/2017 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2575
Recovery of Overpaid Medisave Grants for Newborns2334/News/news-categories-info/news-releases<p>Between March 2016 and January 2017, due to a processing error, 885 children who obtained their citizenship after birth received between $1,000 and $3,000 more Medisave Grant for Newborns (MGN) in their Medisave Accounts than they were eligible for.</p><p>These children were not citizens at birth. They were either not eligible for the MGN or should have received a pro-rated amount, depending on the age when the child became a citizen, which has to be before the child turned 2 years old.</p><p>Newborns who are Singapore citizens at birth are not affected.</p><p>The Central Provident Fund Board (CPFB) apologises to the affected families for this error. We have rectified the work processes involved in the payment of MGN. We have also conducted a thorough review of our processes and have strengthened them to ensure accuracy in future MGN payments.</p><p>We will be recovering the overpaid amounts, totalling about $1.7 million, from the Medisave Accounts of these children in April. The parents of the affected children will be informed via mail.</p><p>Affected families may contact the CPF Call Centre at 1800 227 1188 (Mondays to Fridays, 8 am to 5.30 pm) if they need further clarifications.</p><p><strong>Medisave Grant for Newborns (MGN)</strong></p><p>As part of the Marriage and Parenthood Package, all Singapore Citizen newborns are credited with a $4,000 Medisave Grant for Newborns (MGN) in their CPF Medisave account. The grant helps parents defray their child’s healthcare expenses, such as MediShield Life premiums, recommended childhood vaccinations, hospitalisation, and approved outpatient treatments.</p><p>The MGN was introduced on 26 Aug 2012 and was enhanced from $3,000 to $4,000 for citizen babies born from 1 January 2015. Children who are not citizens at birth but obtained Singapore citizenship before 2 years old are given pro-rated amounts, based on the age when the child became a citizen.</p>Recovery of Overpaid Medisave Grants for Newborns4/4/2017 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2417
CPF interest rates from 1 April 2017 to 30 June 20172329/News/news-categories-info/news-releases<br>  <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 April 2017 to 30 June 2017</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account </strong></li><li> <strong>Up to 5% per annum on the Special and Medisave Accounts</strong></li><li> <strong>Up to 5% per annum on the Retirement Account</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> </p><p> <strong>HDB mortgage rate from 1 April 2017 to 30 June 2017</strong></p><ul><li><p> <strong>Remains unchanged at 2.6% per annum<br></strong></p></li></ul></td></tr></tbody></table><p> </p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the second quarter of 2017. CPF members will also earn up to 5% per annum on their Retirement Account (RA) monies in 2017. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.</p><p>CPF members aged 55 and above will also earn an additional 1% extra interest 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or RA to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p>    <strong></strong></p><p> <strong>Interest rate for Ordinary Account and HDB mortgage rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 April 2017 to 30 June 2017, as the computed rate of 0.24% is lower than the legislated minimum interest rate.<br>  <br>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 April 2017 to 30 June 2017. ​ </p><p>Please refer to Annex A for the detailed computation of the OA interest rate and HDB mortgage rate.   </p><p>   <strong></strong></p><p> <strong>Interest rate for Special and Medisave Accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 April 2017 to 30 June 2017, as the computed rate of 3.04% is lower than the current floor interest rate of 4% per annum.​​</p><p>Please refer to Annex B for the detailed computation of the SMA interest rate. </p><p>   <strong></strong></p><p> <strong>Interest rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2017 to 31 December 2017, as announced on 29 November 2016.</p><p>Please refer to Annex C for the detailed computation of the RA interest rate. </p><p>    <strong></strong></p><p> <strong>Public enquiries</strong></p><p>CPF members can visit cpf.gov.sg or call the CPF Call Centre at 1800-227-1188 for enquiries. </p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a> <span class="blackhighlight"> <a name="AnnexA"></a> <strong>Annex A<br></strong></span></div><div align="right"> <span class="blackhighlight"><strong>​​<br></strong></span></div><p> <strong></strong><span class="blackhighlight"><strong>Computation of CPF OA interest rate and HDB mortgage rate for 1 April 2017 to 30 June 2017</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><p> </p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from November 2016 to January 2017<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for April 2017 to June 2017</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for April 2017 to June 2017</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from November 2016 to January 2017<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for April 2017 to June 2017</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for April 2017 to June 2017</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> ​</p><p align="center" style="text-align:left;"> <span class="blackhighlight"> <strong>Note:</strong></span></p><div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>30 Nov 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>31 Dec 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Jan 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jan 2017</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jan 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2017</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​31 Jan 2018</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2367</span></td></tr></tbody></table></div> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"> <font face="Arial, Helvetica, sans-serif" size="2"></font></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a> <span class="blackhighlight"> <a name="AnnexB"></a> <br> <strong>Annex B</strong></span></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2" style="height:930px;"><tbody><tr><td colspan="2"> <span class="blackhighlight"><strong>Computation of CPF SMA interest rate for 1 April 2017 to 30 June 2017</strong></span></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher<br></p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from February 2016 to January 2017<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.04% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for April 2017 to June 2017<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.04%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for April 2017 to June 2017</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from February 2016 to January 2017<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.04% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for April 2017 to June 2017<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.04%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for April 2017 to June 2017</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <span class="blackhighlight"> <strong>Note:</strong></span></p><p align="center">​ <img alt="10-Year SGS - 15 Feb 2017" src="/Assets/common/PublishingImages/10YRSGS_15Feb2017.png" style="width:87.6%;height:auto;" /><br></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a> <span class="blackhighlight"> <a name="AnnexC"></a> <strong>Annex C</strong></span></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <span class="blackhighlight"><strong>Computation of CPF RA interest rate for 1 January 2017 to 31 December 2017</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2017 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher. </td><td valign="top"> </td></tr></tbody></table> <br> <p>The average yield of the 10YSGS plus 1% from November 2015 to October 2016 is 3.08% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2017 will pay a fixed coupon of 4%. <br><br>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.<br></p></td></tr></tbody></table> ​​​​<br>CPF interest rates from 1 April 2017 to 30 June 201715/2/2017 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2398
CPF interest rates from 1 January 2017 to 31 March 2017 and Basic Healthcare Sum For 20172327/News/news-categories-info/news-releases<br>  <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 January 2017 to 31 March 2017</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account </strong></li><li> <strong>Up to 5% per annum on the Special and Medisave Accounts</strong></li><li> <strong>Up to 5% per annum on the Retirement Account</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> </p><p> <strong>HDB mortgage rate from 1 January 2017 to 31 March 2017</strong></p><ul><li><p> <strong>Remains unchanged at 2.6% per annum<br><br></strong></p></li></ul><p> <strong>Basic Healthcare Sum (BHS) for 2017</strong></p><ul><li> <strong>For members below 65 years old in 2017, BHS will be $52,000</strong> </li><li> <strong>For members who turn 65 years old in 2017, BHS will be $52,000 and will not change for the rest of their lives</strong> </li></ul></td></tr></tbody></table><p> </p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the first quarter of 2017. CPF members will also earn up to 5% per annum on their Retirement Account (RA) monies in 2017. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members. </p><p>CPF members aged 55 and above will also earn an additional 1% extra interest on the first $30,000 of their combined balances from January 2016. 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% interest per year on their retirement balances. </p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or RA to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.​</p><p>    <strong></strong></p><p> <strong>Interest Rate for Ordinary Account and HDB Mortgage Rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 January 2017 to 31 March 2017, as the computed rate of 0.24% is lower than the legislated minimum interest rate.<br> <br>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 January 2017 to 31 March 2017. ​ </p><p>Please refer to Annex A for the detailed computation of the OA interest rate and HDB mortgage rate.   </p><p>   <strong></strong></p><p> <strong>Interest Rate for Special and Medisave Accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 January 2017 to 31 March 2017, as the computed rate of 3.08% is lower than the current floor interest rate of 4% per annum.​​</p><p>Please refer to Annex B for the detailed computation of the SMA interest rate. </p><p>   <strong></strong></p><p> <strong>Interest Rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2017 to 31 December 2017, as announced on 21 September 2016.</p><p>Please refer to Annex C for the detailed computation of the RA interest rate. </p><p>    <strong></strong></p><p> <strong>2017 Basic Healthcare Sum</strong></p><p>The Basic Healthcare Sum (BHS) is the estimated savings required for basic subsidised healthcare needs in old age. The BHS needs to be adjusted yearly for members below age 65 to keep pace with growth in Medisave withdrawals. Once members reach age 65, their BHS will be fixed for the rest of their lives.</p><p>From 1 January 2017,</p><ol><li>For members below 65 years old, their BHS will be raised from $49,800 to $52,000. </li><li>For members who turn 65 years old in 2017, their BHS will be fixed at $52,000, which will not change for the rest of their lives.</li></ol> <br> <p>For members aged 66 and above in 2017, their cohort BHS has been fixed and will remain unchanged at $49,800. </p><p>CPF members do not have to top up their Medisave Accounts if they do not meet the BHS. Any Medisave contributions in excess of a member’s BHS will be transferred to his other CPF accounts.</p><p>    <strong></strong></p><p> <strong>Public Enquiries</strong></p><p>CPF members can visit www.cpf.gov.sg or call the CPF Call Centre at 1800-227-1188 for enquiries. </p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a><span class="blackhighlight"><a name="AnnexA"></a><strong>Annex A<br></strong></span></div><div align="right"> <span class="blackhighlight"><strong>​​<br></strong></span></div><p> <span class="blackhighlight"> <strong>Computation of CPF OA Interest Rate and HDB Mortgage Rate for 1 January 2017 to 31 March 2017</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from August 2016 to October 2016<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for January 2017 to March 2017</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for January 2017 to March 2017</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from August 2016 to October 2016<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for January 2017 to March 2017</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for January 2017 to March 2017</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p>​ <table width="100%" border="0"><tbody><tr></tr></tbody></table><div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>31 Aug 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>30 Sep 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Oct 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Aug 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Oct 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>31 Aug 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">31 Oct 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Aug 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">31 Oct 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2367</span></td></tr></tbody></table></div> <br> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="98%" border="0"><tbody><tr></tr><tr><td colspan="4"> <font face="Arial, Helvetica, sans-serif" size="2"></font></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a><span class="blackhighlight"><a name="AnnexB"></a><br><strong>Annex B</strong></span></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"> <span class="blackhighlight"> <strong>Computation of CPF SMA Interest Rate for 1 January 2017 to 31 March 2017</strong></span></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from November 2015 to October 2016<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.08% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for January 2017 to March 2017<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.08%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for January 2017 to March 2017</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from November 2015 to October 2016<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.08% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for January 2017 to March 2017<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.08%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for January 2017 to March 2017</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p><p align="center">​ <img alt="10-Year SGS - 29 Nov 16" src="/Assets/common/PublishingImages/10YRSGS_29Nov2016.png" style="width:88%;height:auto;" /></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a><span class="blackhighlight"><a name="AnnexC"></a><strong>Annex C</strong></span></div></td></tr><tr><td valign="top"> </td><td valign="top"> </td></tr><tr><td valign="top"> </td><td valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <span class="blackhighlight"> <strong>Computation of CPF RA Interest Rate for 1 January 2017 to 31 December 2017</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2017 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher. </td><td valign="top"> </td></tr></tbody></table> <br> <p>The average yield of the 10YSGS plus 1% from November 2015 to October 2016 is 3.08% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2017 will pay a fixed coupon of 4%.<br><br>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.</p></td></tr></tbody></table> ​​​​CPF interest rates from 1 January 2017 to 31 March 2017 and Basic Healthcare Sum For 201728/11/2016 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2393
Minimum 4% interest rate for Special, Medisave and Retirement Account monies to be extended until 31 December 20172324/News/news-categories-info/news-releases<br>  <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 October 2016 to 31 December 2016</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account </strong></li><li> <strong>Up to 5% per annum on the Special and Medisave Accounts</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> </p><p> <strong>HDB mortgage rate from 1 October 2016 to 31 December 2016​</strong></p><ul><li><p> <strong>Remains unchanged at 2.6% per annum</strong></p></li></ul></td></tr></tbody></table><p> </p><p>In view of the continuing low interest rate environment, the Government has decided to further extend the 4% floor rate for interest earned on all Special, Medisave and Retirement Account (SMRA) monies for another year until 31 December 2017.</p><p>Since 1 January 2008, savings in the SMRA have been invested in Special Singapore Government Securities (SSGS) which earn an interest rate pegged to the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%. This is a market-based rate for instruments of comparable risk and duration, and will ensure that members receive fair and reasonable interest rates.</p><p>To help members cope with the transition, the Government had committed to providing a 4% floor rate for SMRA interest for two years up to December 2009. This was subsequently extended in light of global economic conditions and the fact that interest rates had been exceptionally low. The 4% floor rate is currently due to expire on 31 December 2016.</p><p> </p><p> <strong>CPF Interest Rate for Ordinary, Special and Medisave Accounts from 1 October 2016 to 31 December 2016</strong></p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the fourth quarter of 2016. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.</p><p>CPF members aged 55 and above will also earn an additional 1% extra interest on the first $30,000 of their combined balances (with up to $20,000 from the OA) from January 2016. 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s Special Account (SA) or Retirement Account (RA) to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p>    <strong></strong></p><p> <strong>Interest Rate for Ordinary Account and HDB Mortgage Rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 October 2016 to 31 December 2016, as the computed rate of 0.24% is lower than the legislated minimum interest rate.<br> <br>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 October 2016 to 31 December 2016.</p><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.   </p><p>   <strong></strong></p><p> <strong>Interest Rate for Special and Medisave Accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 October 2016 to 31 December 2016, as the computed rate of 3.28% is lower than the current floor interest rate of 4% per annum.​​</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate. </p><p>   <strong></strong></p><p> <strong>Interest Rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2016 to 31 December 2016, as announced on 30 November 2015.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate. </p><p>    <strong></strong></p><p> <strong>Public Enquiries</strong></p><p>CPF members can visit <a href="https://www.cpf.gov.sg/">www.cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries. </p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a> <span class="blackhighlight"> <a name="AnnexA"></a> <strong>Annex A<br></strong></span></div><div align="right"> <span class="blackhighlight"> <strong>​​<br></strong></span></div><p> <strong></strong><span class="blackhighlight"><strong>Computation of CPF OA Interest Rate and HDB Mortgage Rate for 1 October 2016 to 31 December 2016​</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from May 2016 to July 2016<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for October 2016 to December 2016</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for October 2016 to December 2016</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from May 2016 to July 2016<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for October 2016 to December 2016</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for October 2016 to December 2016</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <span class="blackhighlight"> <strong>Note:</strong></span></p> ​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>31 May 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>30 Jun 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Jul 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 May 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Jun 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jul 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>31 May 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Jun 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">31 Jul 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 May 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Jun 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">31 Jul 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2367</span></td></tr></tbody></table></div><table width="100%" border="0"><tbody><tr></tr></tbody></table> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"> <font face="Arial, Helvetica, sans-serif" size="2"></font></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a> <span class="blackhighlight"> <a name="AnnexB"></a> <br> <strong>Annex B</strong></span></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"> <span class="blackhighlight"><strong>Computation of CPF SMA Interest Rate for 1 October 2016 to 31 December 2016</strong></span></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from August 2015 to July 2016<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.28% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for October 2016 to December 2016<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.28%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for October 2016 to December 2016</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from August 2015 to July 2016<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.28% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for October 2016 to December 2016<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.28%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for October 2016 to December 2016</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <span class="blackhighlight"> <strong>Note:</strong></span></p><p align="center">​ <img alt="10-Year SGS - 21 Sep 2016" src="/Assets/common/PublishingImages/10YRSGS_21Sep2016.png" style="width:100%;height:auto;" /></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a> <span class="blackhighlight"> <a name="AnnexC"></a> <strong>Annex C</strong></span></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"> </td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <span class="blackhighlight"><strong>Computation of CPF RA Interest Rate for 1 January 2016 to 31 December 2016</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2016 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher. </td><td valign="top"> </td></tr></tbody></table> <br> <p>The average yield of the 10YSGS plus 1% from November 2014 to October 2015 is 3.39% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2016 will pay a fixed coupon of 4%. <br> <br>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.</p></td></tr></tbody></table> ​​​​Minimum 4% interest rate for Special, Medisave and Retirement Account monies to be extended until 31 December 201721/9/2016 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2387
CPF Board reaches out to members2323/News/news-categories-info/news-releases<p> <strong>- Series of five CPF retirement planning roadshows to be held from August to November 2016</strong><br></p><p> <strong>- Mobile Service Centres in five community centres from March to December 2016</strong><br><br></p><p>Singaporeans are living longer. With 1 in 2 Singaporeans aged 65 today expected to live beyond the age of 85 and 1 in 3 of them living beyond the age of 90<sup>1</sup> , it is essential that Singaporeans plan for retirement and do so early. To get Singaporeans thinking about retirement planning, the CPF Board (CPFB) will be organising its largest series of roadshows with a targeted reach of over 50,000 members. This follows the successful run of five roadshows last year in various parts of Singapore.</p><p>​ </p><p> <strong> <em>CPF Retirement Planning Roadshows</em></strong></p><p>The first of the series of five CPF retirement planning roadshows will kick-off on Saturday, 27 August 2016 at Suntec City West Atrium. Visitors to this two-day roadshow can look forward to interactive displays which show how their CPF savings establish a foundation for their retirement through helping to provide for their home ownership, healthcare protection and lifelong retirement income. They can also learn how they can make the most of their CPF savings with recent CPF enhancements that provide additional options and flexibility to meet their retirement needs. In addition, those looking to pick up more in-depth information and tips can sign up at <a href="http://www.cpf.gov.sg/bigRchat" target="_blank">Big R Chat website</a> for complimentary talks on healthcare, housing and retirement planning by financial experts, such as the CEOs of financial advisory firms Mr Christopher Tan and Mr Alfred Chia, and CPF officers. The schedule of talks offered at Suntec Convention Centre is shown in <a href="#AnnexA">Annex A</a>.<br></p><p>New features will also be introduced. This includes virtual reality booths where visitors can discover their retirement personality and enjoy an immersive 360° virtual reality experience as well as fringe activities such as coin bank painting and first aid kit decorating to keep young ones occupied while the adults explore the roadshow. Mediacorp artiste Belinda Lee and celebrity entrepreneur Dasmond Koh will make guest appearances and participate in stage games.</p><p>Following the anchor two-day roadshow at Suntec City West Atrium on 27 and 28 August 2016, subsequent roadshows will be held in the northern, central, eastern and western regions of Singapore from September to November 2016. Each roadshow will similarly be complemented by thematic CPF talks relating to healthcare, housing and retirement planning. Please refer to <a href="#AnnexB">Annex B</a> for the venues.<br></p><p>Mr Ng Chee Peng, Chief Executive Officer of CPFB said, “For most Singaporeans, the CPF system provides a good foundation for their retirement and yet it is often overlooked. We have therefore stepped up our outreach efforts to help Singaporeans better understand how CPF supports their retirement needs and the options they have with the recent CPF enhancements to better prepare for their golden years. By making retirement planning less daunting, we hope to encourage more Singaporeans to get started on the process and plan early to secure their retirement.”</p><p>​ </p><p> <strong> <em>Bringing CPF services closer to you – CPF Mobile Service Centre</em></strong></p><p>Apart from the roadshows, CPFB also started a pilot initiative called the Mobile Service Centre (Mobile SC) in March 2016 to reach out to CPF members, especially the elderly, in the heartlands. Members can visit the Mobile SC to make enquiries and perform a range of CPF-related transactions, such as applying for CPF LIFE, making changes to their housing repayment and top ups to their CPF accounts. Since its launch, more than 3,500 members have visited the Mobile SC, of which more than 50% are aged 55 and above. The Mobile SC, which will be located at five different Community Centres for two months each, provides convenient access to members who would typically not visit a CPF Service Centre.<br></p><p>Members who opt for the CPF Retirement Planning Service (CRPS) can also choose to have their session at the Mobile SC for their convenience. Introduced in 2015, the CRPS provides personalised guidance to members reaching 55 so that they can make informed decisions about their retirement choices and the implications on their existing obligations, such as housing loans. Please refer to <a href="#AnnexC">Annex C</a> for the Mobile SC locations and schedule.​<br><br><br></p><p> <sup style="font-size:0.9em;">[1]</sup><span style="font-size:0.9em;"></span><a href="http://www.singstat.gov.sg/docs/default-source/default-document-library/publications/publications_and_papers/reference/yearbook_2016/yos2016.pdf" target="_blank"><span style="font-size:0.9em;">Yearbook of Statistics Singapore 2016</span></a><span style="font-size:0.9em;"> </span> <br> <br></p><p> <a name="AnnexA"></a> <strong>Annex A: Talk Schedule for Suntec Convention Centre<br><br></strong></p><p> <strong>27 August 2016</strong></p><div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default" bgcolor="#d2d2d2"><td class="ms-rteTableEvenCol-default" style="width:25%;">​<strong>Time</strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>​Programme</strong></td><td class="ms-rteTableEvenCol-default" style="width:25%;"> <strong>​By</strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>​Location</strong></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​11:00 am - 1:00 pm</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Planning for your Retirement</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​Mr Soh Chin Heng, Deputy CEO (Services), CPFB & Mr Christopher Tan, CEO of a financial advisory firm Q&A Panel Moderator: Ms Lorna Tan, Invest Editor, The Sunday Times</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Suntec Convention Centre Room 300-301</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​11:00 am - 12:00 pm</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Buying Your First Flat</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​Mr Jerry Su, Senior Estate Manager, HDB</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Suntec Convention Centre Room 302</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​4:00 pm - 5:30 pm</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Planning for your Home Purchase</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​Mr Ong Chian Fuh, Senior Manager, CPFB & Mr Martin Tay, ABS</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Suntec Convention Centre Room 300-301</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​4:30 pm - 5:30 pm</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​MoneySENSible Tips To Stretching Your Dollars</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​Ms Kimmis Pun, Immediate Past President, FPAS</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​Suntec Convention Centre Room 302</span></td></tr></tbody></table></div><div class="visible-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Time</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​​11:00 am - 1:00 pm</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Programme</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​​Planning for your Retirement</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​By</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​Mr Soh Chin Heng, Deputy CEO (Services), CPFB & Mr Christopher Tan, CEO of a financial advisory firm Q&A Panel Moderator: Ms Lorna Tan, Invest Editor, The Sunday Times</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Location</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;">​</span><span style="color:#444444;">Suntec Convention Centre Room 300-301</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Time</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">11:00 am - 12:00 pm</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Programme</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​​Buying Your First Flat</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​By</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">Mr Jerry Su, Senior Estate Manager, HDB</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Location</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;">​</span><span style="color:#444444;">Suntec Convention Centre Room 302</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Time</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​4:00 pm - 5:30 pm</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Programme</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​​​Planning for your Home Purchase</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​By</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">Mr Ong Chian Fuh, Senior Manager, CPFB & Mr Martin Tay, ABS</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Location</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;">​</span><span style="color:#444444;">Suntec Convention Centre Room 300-301</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Time</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​<span style="color:#444444;"><span aria-hidden="true"></span>​4:30 pm - 5:30 pm<span aria-hidden="true"></span></span></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Programme</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;"> <font color="#444444">MoneySENSible Tips To Stretching Your Dollars</font></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​By</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;"> <font color="#444444">Ms Kimmis Pun, Immediate Past President, FPAS</font></td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Location</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;"></span><font color="#444444">Suntec Convention Centre Room 302</font></td></tr></tbody></table></div><p> <strong>28 August 2016</strong></p><div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default" bgcolor="#d2d2d2"><td class="ms-rteTableEvenCol-default" style="width:25%;"> <strong>​Time</strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>​Programme</strong></td><td class="ms-rteTableEvenCol-default" style="width:25%;"> <strong>​By</strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>​Location</strong></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​11:00 am - 12:00 pm</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Future-Proofing your Retirement Plan</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​Mr Joseph Kwok, President, FPAS</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Suntec Convention Centre Room 334-335</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​1:30 pm - 3:00 pm</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Planning for your Retirement</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​Ms Caroline Lim, Senior Manager, CPFB & Mr J. Parasuraman, MoneySENSE speaker</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Suntec Convention Centre Room 334-335</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​4:00 pm - 5:30 pm</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Planning for your Home Purchase</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​Ms Lena Teng, Deputy Director, CPFB & Mr Alfred Chia, CEO of a financial advisory firm</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Suntec Convention Centre Room 334-335</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​3:30 pm - 5:00 pm</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​Planning for Your Healthcare Needs</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​Ms Felicia Yeo, Content Development Manager, IFL & Ms Kee Siew Poh, FPAS</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​Suntec Convention Centre Room 336</span></td></tr></tbody></table></div><div class="visible-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Time</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​​11:00 am - 12:00 pm</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Programme</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">Future-Proofing your Retirement Plan</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​By</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">Mr Joseph Kwok, President, FPAS</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Location</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;"></span> <span style="color:#444444;">​Suntec Convention Centre Room 334-335</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Time</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​1:30 pm - 3:00 pm</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Programme</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​Planning for your Retirement</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​By</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​Ms Caroline Lim, Senior Manager, CPFB & Mr J. Parasuraman, MoneySENSE speaker</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Location</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;"></span>​<span style="color:#444444;">Suntec Convention Centre Room 334-335</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Time</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​4:00 pm - 5:30 pm</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Programme</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​​​Planning for your Home Purchase</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​By</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">Ms Lena Teng, Deputy Director, CPFB & Mr Alfred Chia, CEO of a financial advisory firm</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Location</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;">​</span><span style="color:#444444;">Suntec Convention Centre Room 334-335</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Time</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​<span style="color:#444444;"><span aria-hidden="true"></span>​<span style="color:#444444;"><span aria-hidden="true"></span>​3:30 pm - 5:00 pm</span><span aria-hidden="true"></span></span></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Programme</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;"> <font color="#444444"></font><font color="#444444">Planning for Your Healthcare Needs</font></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​By</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;"> <font color="#444444"></font><span style="color:#444444;"><span aria-hidden="true"></span>​Ms Felicia Yeo, Content Development Manager, IFL & Ms Kee Siew Poh, FPAS</span></td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Location</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;"></span><font color="#444444"></font><span style="color:#444444;"><span aria-hidden="true"></span>​Suntec Convention Centre Room 336<span aria-hidden="true"></span></span></td></tr></tbody></table></div><p> <a name="AnnexB"></a> <strong>Annex B: Schedule of CPF Retirement Planning Roadshows<br></strong></p><p> <strong> <br>Schedule of roadshows</strong></p><div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default" bgcolor="#d2d2d2"><td class="ms-rteTableEvenCol-default" style="width:25%;">​<strong>Region</strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>​Venue</strong></td><td class="ms-rteTableEvenCol-default" style="width:25%;"> <strong>​Date</strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>​Time</strong></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​South</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Suntec City West Atrium</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​27 - 28 August</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​11:00 am - 6:00 pm</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​Central</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Toa Payoh HDB Hub</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​17 - 18 September</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​​11:00 am - 6:00 pm</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​West</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Star Vista</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​1 - 2 October</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​​11:00 am - 6:00 pm</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​East</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Bedok Mall</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​29 - 30 October</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​​11:00 am - 6:00 pm</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:25%;">​<span style="color:#444444;">North</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​Waterway Point</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​12 - 13 November</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​</span><span style="color:#444444;">​11:00 am - 6:00 pm</span></td></tr></tbody></table></div><div class="visible-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Region</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​​South</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Venue</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">Suntec City West Atrium</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Date</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​27 - 28 August</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Time</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;"></span> <span style="color:#444444;"></span> <span style="color:#444444;">11:00 am - 6:00 pm</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Region</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​​Central</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Venue</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​Toa Payoh HDB Hub</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Date</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​17 - 18 September</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Time</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;"></span> <span style="color:#444444;"></span> <span style="color:#444444;">11:00 am - 6:00 pm</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Region</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​​West</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Venue</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​Star Vista</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Date</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​1 - 2 October</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Time</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;"></span> <span style="color:#444444;"></span> <span style="color:#444444;">11:00 am - 6:00 pm</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Region</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​​East</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Venue</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​Bedok Mall</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Date</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​29 - 30 October</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Time</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;"></span> <span style="color:#444444;"></span> <span style="color:#444444;">11:00 am - 6:00 pm</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​Region</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​​<span style="color:#444444;">North<span aria-hidden="true"></span></span></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Venue</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;"> <span aria-hidden="true"></span>​Waterway Point</span></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Date</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;"> <span aria-hidden="true"></span>​12 - 13 November</span></td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Time</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;"></span> <span style="color:#444444;"></span> <span style="color:#444444;">11:00 am - 6:00 pm</span></td></tr></tbody></table></div><p> <strong>Schedule of complementary talks<br></strong><br>For the full schedule of complementary talks, please visit <a href="http://www.cpf.gov.sg/bigRchat" target="_blank">Big R Chat website</a>.<br></p> <br> <br> <p> <a name="AnnexC"></a> <strong>Annex C: Schedule of CPF Mobile Service Centre<br></strong></p><div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default" bgcolor="#d2d2d2"><td class="ms-rteTableEvenCol-default" style="width:25%;">​<strong>When</strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>​Where</strong></td><td class="ms-rteTableEvenCol-default" style="width:25%;"> <strong>​Nearest Train Station</strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>​Status</strong></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​1 March to 29 April</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Ci Yuan CC</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">Hougang MRT</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">Completed</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​3 May to 30 June</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Chong Pang CC</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">Yishun MRT</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">Completed</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​1 July to 31 August</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Zhenghua CC</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​Bukit Panjang LRT / Choa Chu Kang MRT</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">Ongoing</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​1 September to 31 October</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​Ulu Pandan CC</td><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:25%;">​Buona Vista MRT</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">Coming Soon</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​1 November to 30 December</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;"> ​Bedok CC</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;"> Bedok MRT</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;"> Coming Soon</span></td></tr></tbody></table></div><div class="visible-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​When</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​​​1 March to 29 April</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Where</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​Ci Yuan CC</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​​Nearest Train Station</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">Hougang MRT</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Status</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;">Completed</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​When</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​​​3 May to 30 June</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Where</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">Chong Pang CC</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​​Nearest Train Station</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">Yishun MRT</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Status</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;">Completed</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​When</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​​​1 July to 31 August</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Where</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">Zhenghua CC</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​​Nearest Train Station</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">Bukit Panjang LRT / Choa Chu Kang MRT</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Status</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;">Ongoing</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​When</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​​​1 September to 31 October</td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Where</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">Ulu Pandan CC</td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​​Nearest Train Station</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;">​Buona Vista MRT</td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Status</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;">Coming Soon</span></td></tr></tbody></table> <br> <table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" style="width:50%;"> <strong>​When</strong></td><td class="ms-rteTableOddCol-default" style="width:50%;">​​<span style="color:#444444;"><span aria-hidden="true"></span>​1 November to 30 December<span aria-hidden="true"></span></span></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​Where</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;"> <font color="#444444">Bedok CC</font></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong>​​Nearest Train Station</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:50%;"> <font color="#444444">Bedok MRT</font></td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" bgcolor="#d2d2d2" rowspan="1" style="width:50%;"> <strong style="color:#444444;">​Status</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:50%;"> <span style="color:#444444;">Coming Soon</span></td></tr></tbody></table></div><p> <em>*Note: The CPF Mobile Service Centre is open weekdays (excluding Public Holidays) 9.30am to 5pm. Please call 6229 3189 to book an appointment.</em></p>CPF Board reaches out to members25/8/2016 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2386
$516 million in CPF arrears recovered by the CPF Board in 20152319/News/news-categories-info/news-releases<p>The CPF Board (CPFB) has recovered about $516.0 million in CPF arrears in 2015, benefitting over 360,000 employees. The CPF arrears recovered were from underpayment, non-payment and late payment of CPF contributions by employers. The breakdown of the CPF arrears recovered can be found in the <strong><a href="#Annex">Annex</a></strong>.<br><br></p><p> <strong>Underpayment and non-payment of CPF contributions</strong></p><p>Of the $516.0 million, $15.2 million were from cases of underpayment or non-payment which the CPFB had recovered from 1,840 employers. This benefitted 14,708 employees.</p><p>One of these cases, which had one of the highest amount of CPF arrears recovered, was uncovered through a complaint on non-payment of CPF contributions lodged by a driver from a logistics company.</p><p>The Board’s investigations showed that the company had wrongly classified its drivers under a contract for service and hence, did not pay them CPF contributions. After reviewing all relevant facts of the case, the Board concluded that the drivers were in fact working as employees of the company. The Board managed to recover about $2 million in CPF arrears over eight years for 70 drivers, helping them build up their CPF savings to meet their retirement, housing and healthcare needs.<br><br></p><p> <strong>Late payment of CPF contributions</strong></p><p>The remaining $500.8 million recovered were late CPF contributions from an average of about 5,600 employers each month in 2015. Most of the late payments were recovered within a month. The Board’s timely detection and follow-up enforcement actions assisted more than 353,000 workers in receiving their due CPF.</p><p>CPFB Group Director of Employer Collections and Enforcement Mr Ng Hock Keong said, “To facilitate the timely payment of CPF contributions, we are constantly improving the payment process for employers. More than eight in ten employers are submitting their contributions to us electronically. Close to 90% of them use CPF e-Submit@web, which auto-computes the CPF contributions payable. We have also recently introduced the new CPF e-Submit@mobile to enable employers of small companies to submit their CPF contributions quickly and easily via their mobile devices.”</p><p>The Board piloted CPF e-Submit@mobile in the Google Play Store in end January 2016, and the application is available in the Apple App Store from April 2016. CPF e-Submit@mobile allows employers with ten or fewer employees to submit their CPF contributions on their mobile devices, with secure payment options via e-NETS or OCBC ATMs.​<br><br></p><p> <strong>Convictions of Non-Compliance with CPF Act in 2015</strong></p><p>There were 36 convictions for non-payment and underpayment of CPF, and 237 convictions for late payment last year. All convicted employers were fined and ordered to pay the CPF arrears by the State Court.</p><p>Employers are reminded of their CPF obligations to their local employees. Workers should also check their CPF accounts via the CPF website regularly to ensure that their employers have made the correct CPF contributions. To report non-payment or underpayment of CPF contributions, or non-compliance with the Employment Act, members of the public can call 1800-221-9922 or email <a href="mailto:workright@mom.gov.sg">workright@mom.gov.sg</a>. All information provided will be kept strictly confidential.<br><br></p><p> <strong>Public Enquiries</strong></p><p>For more information, please visit <a href="http://www.cpf.gov.sg/">www.cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188.​<br><br></p> <br> <p> <a name="Annex"></a> <strong>Annex: Breakdown of CPF arrears recovered in 2015<br></strong></p><table class="cpf-table cpf-form-table " style="width:100%;text-align:left;"><thead><tr><th width="25%"> <br> </th><th width="25%"> <strong>CPF contributions recovered</strong> </th><th width="25%" colspan="1"> <strong>No. of employees who benefitted</strong>​</th><th width="25%" colspan="1">​<strong>No. of employers from which CPF was recovered</strong></th></tr><tr><th> <strong>Underpay​m​​ent/ Non-payment*</strong>​<br></th><td>$15.2 million</td><td colspan="1">​14,708</td><td colspan="1">1,840</td></tr><tr><th> <strong>Late payment</strong><strong><sup>#</sup></strong></th><td>$500.8 million</td><td colspan="1">​More than 353,000</td><td colspan="1">​About 5,600 per month</td></tr></thead></table><p> <span style="font-size:0.9em;">* Underpayment of CPF contributions refers to cases where employers make less CPF contributions for their employees than required. Non-payment refers to cases where employers omit paying CPF contributions for employees.</span></p><p> <span style="font-size:0.9em;"><sup>#</sup> CPF contributions are due at the end of every month. Employers are given a grace period of up to the 14<sup>th</sup> of the next month (if the 14<sup>th</sup> falls on a Saturday, Sunday or Public Holiday, then the grace period will be up to the next working day) to make CPF contributions for their employees. Payments made after the grace period are considered late.</span></p>$516 million in CPF arrears recovered by the CPF Board in 20151/6/2016 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2379
CPF interest rates from 1 July 2016 to 30 September 20162317/News/news-categories-info/news-releases<br>  <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 July 2016 to 30 September 2016</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account </strong></li><li> <strong>Up to 5% per annum on the Special and Medisave Accounts</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> <br></p><p> <strong>HDB mortgage rate from 1 July 2016 to 30 September 2016​</strong></p><ul><li><p> <strong>Remains unchanged at 2.6% per annum</strong></p></li></ul></td></tr></tbody></table><p> </p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the third quarter of 2016. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.</p><p>CPF members aged 55 and above will also earn an additional 1% extra interest on the first $30,000 of their combined balances (with up to $20,000 from the OA) from January 2016. 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member’s SA or Retirement Account to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.​</p><p>   </p><p> <strong>Interest Rate for Ordinary Account and HDB Mortgage Rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 July 2016 to 30 September 2016, as the computed rate of 0.24% is lower than the legislated minimum interest rate.<br> <br>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 July 2016 to 30 September 2016.</p><p>Please refer to Annex A for the detailed computation of the OA interest rate and HDB mortgage rate.</p><p> <strong>Interest Rate for Special and Medisave Accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 July 2016 to 30 September 2016, as the computed rate of 3.43% is lower than the current floor interest rate of 4% per annum.​​</p><p>Please refer to Annex B for the detailed computation of the SMA interest rate. </p><p>  </p><p> <strong>Interest Rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2016 to 31 December 2016, as announced on 30 November 2015.</p><p>Please refer to Annex C for the detailed computation of the RA interest rate. </p><p>    </p><p> <strong>Public Enquiries</strong></p><p>CPF members can visit www.cpf.gov.sg or call the CPF Call Centre at 1800-227-1188 for enquiries. </p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a><span class="blackhighlight"><a name="AnnexA"></a><strong>Annex A<br></strong></span></div><div align="right"> <span class="blackhighlight"> <strong>​​<br></strong></span></div><p> <strong></strong> <span class="blackhighlight"> <strong>Computation of CPF OA Interest Rate and HDB Mortgage Rate for 1 July 2016 to 30 September 2016​</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from February 2016 to April 2016<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for July 2016 to September 2016</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for July 2016 to September 2016</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from February 2016 to April 2016<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for July 2016 to September 2016</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for July 2016 to September 2016</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p> ​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>29 Feb 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>31 Mar 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​30 Apr 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>29 Feb 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​30 Apr 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>29 Feb 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">30 Apr 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>29 Feb 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2367</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2016</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">30 Apr 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2367</span></td></tr></tbody></table></div><table width="100%" border="0"><tbody><tr></tr></tbody></table> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"> <font face="Arial, Helvetica, sans-serif" size="2"></font></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a><span class="blackhighlight"><a name="AnnexB"></a><br><strong>Annex B</strong></span></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"> <span class="blackhighlight"> <strong>Computation of CPF SMA Interest Rate for 1 July 2016 to 30 September 2016</strong></span></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from May 2015 to April 2016<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.43% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for July 2016 to September 2016<br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.43%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for July 2016 to September 2016</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from May 2015 to April 2016<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.43% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for July 2016 to September 2016<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.43%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for July 2016 to September 2016</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p><p align="center">​ <img alt="10-Year SGS - 18 May 2016" src="/Assets/common/PublishingImages/10YRSGS_18May2016.png" style="width:100%;height:auto;" /></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><div align="right"> <a name="AnnexC"></a><span class="blackhighlight"><a name="AnnexC"></a><strong>Annex C</strong></span></div></td></tr><tr><td valign="top"> </td><td valign="top"> </td></tr><tr><td valign="top"> </td><td valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <span class="blackhighlight"> <strong>Computation of CPF RA Interest Rate for 1 January 2016 to 31 December 2016</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2016 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher. </td><td valign="top"> </td></tr></tbody></table> <br> <p>The average yield of the 10YSGS plus 1% from November 2014 to October 2015 is 3.39% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2016 will pay a fixed coupon of 4%. <br> <br>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.</p></td></tr></tbody></table> ​​​​<br>CPF interest rates from 1 July 2016 to 30 September 201617/5/2016 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2376
Relocation of CPF Robinson Road Service Centre to Maxwell Road2316/News/news-categories-info/news-releases<p> <strong>​[12 May 2016]</strong> : With the sale of the CPF Building at 79 Robinson Road, the CPF Board will be relocating the Service Centre at 79 Robinson to 45 Maxwell Road, The URA Centre East Wing in February 2017 to continue providing over-the-counter services to members and employers. The URA Centre East Wing location was chosen for its central location and easy accessibility.</p><p>Further details on the operations of the new CPF Maxwell Service Centre in February 2017 will be made available later part of this year. The Service Centre at Robinson Road will remain in operation until the new CPF Maxwell Service Centre is ready.</p><p> </p><p style="text-align:center;">[END]</p><p> </p><div style="text-align:right;"> <a name="Annex"></a><strong>Annex</strong> </div><p style="text-align:right;"> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr><td class="ms-rteTable-default" style="width:50%;"><p style="text-align:justify;"> <strong>CPF Robinson Road Service Centre </strong></p><p style="text-align:justify;">79 Robinson Road, #02-00<br></p><p style="text-align:justify;">Singapore 068897<br><br></p><p style="text-align:justify;"> <strong>CPF Tampines Service Centre</strong></p><p style="text-align:justify;">1 Tampines Central 5, #01-01</p><p style="text-align:justify;">Singapore 529508<br><br></p><p style="text-align:justify;"> <strong>CPF Bishan Service Centre </strong></p><p style="text-align:justify;">3 Bishan Place, #01-01</p><p style="text-align:justify;">Singapore 579838<br><br></p><p style="text-align:justify;"> <strong>CPF Jurong Service Centre</strong></p><p style="text-align:justify;">21 Jurong Gateway Road, #01-01</p><p style="text-align:justify;">Singapore 608546<br><br></p><p style="text-align:justify;"> <strong>CPF Woodlands Service Centre</strong></p><p style="text-align:justify;">900 South Woodlands Drive</p><p style="text-align:justify;">#01-02 Woodlands Civic Centre</p><p style="text-align:justify;">Singapore 730900</p></td><td class="ms-rteTable-default" style="width:50%;text-align:left;"><p> <strong>Service Centre Operating Hours:</strong></p><p>Mondays to Fridays: 8am to 5pm</p><p>Saturdays: 8am to 1pm (Robinson Road Service Centre is closed on Saturdays)</p><p>Customers are encouraged to <a href="https://www.cpf.gov.sg/Members/Services/others/esvpages/e-services/cpf-appointment-service"> make an appointment</a> before visiting the Service Centres. Click <a href="https://www.cpf.gov.sg/Members/Contact/visit-us"> here</a> for more details.</p></td></tr><tr><td class="ms-rteTable-default" style="width:50%;"><p style="text-align:justify;"> <strong>CPF Call Centre </strong>(for general enquiries only)</p><p style="text-align:justify;">1800-227-1188</p></td><td class="ms-rteTable-default"><p> <strong>Call Centre Operating Hours:</strong></p><p>Mondays to Fridays: 8am to 5.30pm</p><p> <strong> </strong></p></td></tr><tr><td class="ms-rteTable-default" style="width:50%;"> <p> <strong>Email</strong></p><p>For Member-related enquiries, please email to <a href="mailto:member@cpf.gov.sg">member@cpf.gov.sg</a></p><p>For Employer-related enquiries, please email to <a href="mailto:employer@cpf.gov.sg">employer@cpf.gov.sg </a></p><p>For Direct Debit / GIRO-related enquiries, please email to <a href="mailto:giro@cpf.gov.sg">giro@cpf.gov.sg </a></p><p>For Other enquiries, please email to <br><a href="mailto:cpfboard@cpf.gov.sg">cpfboard@cpf.gov.sg</a>  </p></td><td class="ms-rteTable-default"> </td></tr></tbody></table>Relocation of CPF Robinson Road Service Centre to Maxwell Road12/5/2016 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2375
CPF interest rates from 1 April 2016 to 30 June 20162312/News/news-categories-info/news-releases<br>  <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 April 2016 to 30 June 2016</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account </strong></li><li> <strong>Up to 5% per annum on the Special and Medisave Accounts</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul><p> <strong></strong> </p><p> <strong>HDB mortgage rate from 1 April 2016 to 30 June 2016</strong></p><ul><li><p> <strong>Remains unchanged at 2.6% per annum</strong></p></li></ul></td></tr></tbody></table><p> </p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the second quarter of 2016. These interest rates include an extra 1% interest paid on the first $60,000 of a member's combined balances (with up to $20,000 from the OA) which is part of the Government's efforts to enhance the retirement savings of CPF members. </p><p>CPF members aged 55 and above will also earn an additional 1% extra interest on the first $30,000 of their combined balances from January 2016. 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% interest per year on their retirement balances.  </p><p>The extra interest received on the OA will go into the member's SA or Retirement Account to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p><p>    <strong></strong></p><p> <strong>Interest Rate for Ordinary Account and HDB Mortgage Rate</strong></p><p>The OA interest rate will be maintained at 2.5% per annum from 1 April 2016 to 30 June 2016, as the computed rate of 0.23% is lower than the legislated minimum interest rate.<br> <br>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 April 2016 to 30 June 2016. </p><p>Please refer to Annex A for the detailed computation of the OA interest rate and HDB mortgage rate.   </p><p>   <strong></strong></p><p> <strong>Interest Rate for Special and Medisave Accounts</strong></p><p>The SMA interest rate will be maintained at 4% per annum from 1 April 2016 to 30 June 2016, as the computed rate of 3.47% is lower than the current floor interest rate of 4% per annum.</p><p>Please refer to Annex B for the detailed computation of the SMA interest rate. </p><p>   <strong></strong></p><p> <strong>Interest Rate for Retirement Account</strong></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2016 to 31 December 2016, as announced on 30 November 2015.</p><p>Please refer to Annex C for the detailed computation of the RA interest rate. </p><p>    <strong></strong></p><p> <strong>Public Enquiries</strong></p><p>CPF members can visit www.cpf.gov.sg or call the CPF Call Centre at 1800-227-1188 for enquiries. </p><p> </p><p> </p><div align="right"> <a name="AnnexA"></a><span class="blackhighlight"><a name="AnnexA"></a><strong>Annex A<br></strong></span></div><div align="right"> <span class="blackhighlight"> <strong>​​<br></strong></span></div><p> <strong></strong> <span class="blackhighlight"> <strong>Computation of CPF OA Interest Rate and HDB Mortgage Rate for 1 April 2016 to 30 June 2016</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from November 2015 to January 2016<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.23% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for April 2016 to June 2016</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for April 2016 to June 2016</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from November 2015 to January 2016<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.23% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for April 2016 to June 2016</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for April 2016 to June 2016</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:<br> </strong></span></p><div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>30 Nov 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2100</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>31 Dec 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Jan 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2367</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.3500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jan 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.3500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jan 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2100</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2367</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​​31 Jan 2016</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2367</span></td></tr></tbody></table></div><table width="100%" border="0"><tbody><tr></tr></tbody></table> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"> <font face="Arial, Helvetica, sans-serif" size="2"></font></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a><span class="blackhighlight"><a name="AnnexB"></a><br><strong>Annex B</strong></span></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"> <span class="blackhighlight"> <strong>Computation of CPF SMA Interest Rate for 1 April 2016 to 30 June 2016</strong></span></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p> <p> </p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from February 2015 to January 2016<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.47% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for April 2016 to June 2016<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.47%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for April 2016 to June 2016</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from February 2015 to January 2016<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.47% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for April 2016 to June 2016<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.47%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for April 2016 to June 2016</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p><p align="center">​ <img alt="10-Year SGS - 17 Feb 2016" src="/Assets/common/PublishingImages/10YRSGS_17February2016.png" style="width:100%;height:auto;" /></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td valign="top"> </td><td valign="top"><div align="right"> <a name="AnnexC"></a><span class="blackhighlight"><a name="AnnexC"></a><strong>Annex C</strong></span></div></td></tr><tr><td valign="top"> </td><td valign="top"> </td></tr><tr><td valign="top"> </td><td valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <span class="blackhighlight"> <strong>Computation of CPF RA Interest Rate for 1 January 2016 to 31 December 2016</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2016 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher.</td><td valign="top"> </td></tr></tbody></table> <br> <p>The average yield of the 10YSGS plus 1% from November 2014 to October 2015 is 3.39% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2016 will pay a fixed coupon of 4%. <br><br>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.</p></td></tr></tbody></table> ​CPF interest rates from 1 April 2016 to 30 June 201616/2/2016 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2343
Full Restoration of Website E-Payment Service2310/News/news-categories-info/news-releases<br><p>​<strong>[29 December 2015]</strong>: The website e-payment service, which was temporarily unavailable on Monday, 28 December 2015, has been fully restored.  Members can now use the e-payment service as a payment option for their online transactions on the CPF website.  All other CPF e-services remained available throughout and were unaffected.  The CPF Board would like to thank members for their patience and understanding.</p><p> </p><p style="text-align:center;">[END] </p>Full Restoration of Website E-Payment Service28/12/2015 7:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2337
Full Restoration of CPF E-Services2309/News/news-categories-info/news-releases<p> </p><p> <strong></strong><strong>[19 December 2015]: </strong>CPF e-services have been fully restored following the completion of extensive testing and validation checks. The CPF Board would like to express our sincere appreciation to all members for their patience and understanding.</p><p> </p><p>2            We continue to see a large number of log-ins to the e-services on our website, so members may encounter slow or intermittent access. To ease the traffic on the website, members are encouraged to try logging in after 10pm for non-urgent enquiries. We will closely monitor the performance of the e-services system and make improvements as necessary to enhance members’ experience with our e-services.</p><p> </p><p style="text-align:center;">[END]</p><p> </p> Full Restoration of CPF E-Services18/12/2015 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2336
Restoration of CPF E-Services2308/News/news-categories-info/news-releases<p> </p><p> <strong></strong> <strong>[15 December 2015]: </strong>The CPF Board (CPFB) has today restored the CPF e-services catering to more than 90% of CPF online transactions. In addition to checking and printing account balances, contribution and transaction history, members can now access other frequently used e-services such as changing their monthly housing payments, making voluntary contributions and updating their personal particulars. The remaining e-services and CPF Tools app will progressively be made available. We thank members for your patience and understanding.</p><p> </p><p>2            The resumption of the CPF e-services follows intensive functional and load tests to validate the technical solutions that were applied. Once testing was successfully completed, we began restoration efforts by opening access to the self-help service terminals at the e-Lobby across the five CPF service centres this morning. The CPF e-services were opened to public access tonight.</p><p> </p><p>3           “We apologise for inconveniencing our members. Members have been very patient and understanding as we worked round the clock with our IT vendor, Microsoft, to restore the CPF e-services. Thank you for bearing with us. Our heartfelt thanks also go out to all our staff who have been doing their utmost to ensure that the needs of Singaporeans continue to be met. We will put in the necessary safeguards to ensure service continuity and are committed to improve the service experience for Singaporeans.” Mr Ng Chee Peng, Chief Executive Officer of CPF Board.</p><p> </p><p>4           We expect high traffic to the website in the first few days of e-services restoration, so some members may experience slow or intermittent access. Members are encouraged to try logging in after 10pm for non-urgent enquiries. We will closely monitor the performance of the e-services and will make improvements as necessary.</p><p> </p><p>5           CPFB will continue with the extended customer service hours till the end of this week (Friday, 18 December 2015). Queue ticket issuance timing at our five service centres will remain extended till 6pm and our Call Centres’ operating hours will continue to be extended till 7pm on weekdays. A list of alternative channels which members can use to submit their transaction applications and requests is shown in the <a href="#Annex">Annex</a>.</p><p> </p><p>6            Members can be assured that they will not be levied any late charges by CPFB due to the unavailability of the CPF e-services. Eligible members who have made voluntary contributions and top-ups through alternative channels will qualify for the relevant tax relief as long as we receive their applications by 31 December 2015.</p><p> </p><p style="text-align:center;">[END]</p><p> </p><p> <a name="Annex"></a><strong>Annex: Alternative channels available to members </strong></p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr><td class="ms-rteTable-default" style="width:50%;"><p style="text-align:justify;"> <strong>CPF Robinson Road Service Centre*</strong></p><p style="text-align:justify;">79 Robinson Road, #02-00</p><p style="text-align:justify;">Singapore 068897<br><br></p><p style="text-align:justify;"> <strong>CPF Tampines Service Centre</strong></p><p style="text-align:justify;">1 Tampines Central 5, #01-01</p><p style="text-align:justify;">Singapore 529508<br><br></p><p style="text-align:justify;"> <strong>CPF Bishan Service Centre </strong></p><p style="text-align:justify;">3 Bishan Place, #01-01</p><p style="text-align:justify;">Singapore 579838<br><br></p><p style="text-align:justify;"> <strong>CPF Jurong Service Centre</strong></p><p style="text-align:justify;">21 Jurong Gateway Road, #01-01</p><p style="text-align:justify;">Singapore 608546<br><br></p><p style="text-align:justify;"> <strong>CPF Woodlands Service Centre</strong></p><p style="text-align:justify;">900 South Woodlands Drive</p><p style="text-align:justify;">#01-02 Woodlands Civic Centre</p><p style="text-align:justify;">Singapore 730900</p></td><td class="ms-rteTable-default" style="width:50%;text-align:left;"><p> <strong>Service Centre Operating Hours:</strong></p><p>Mondays to Fridays: 8am to 6pm</p><p>(till 18 December 2015)</p> <br> <p>Saturdays: 8am to 1pm<br>(last queue ticket issued at 11:30am)<br><br>*Robinson Road Service Centre is closed on Saturdays</p></td></tr><tr><td class="ms-rteTable-default" style="width:50%;"><p style="text-align:justify;"> <strong>CPF Call Centre </strong>(for general enquiries only)</p><p style="text-align:justify;">1800-227-1188</p></td><td class="ms-rteTable-default"><p> <strong>Call Centre Operating Hours:</strong></p><p>Mondays to Fridays: 8am to 7pm</p><p>(till 18 December 2015)</p><p> <strong> </strong></p></td></tr><tr><td class="ms-rteTable-default" style="width:50%;"><p> <strong>Email</strong></p><p>For Member-related enquiries, please email to <a href="mailto:member@cpf.gov.sg">member@cpf.gov.sg</a></p><p>For Employer-related enquiries, please email to <a href="mailto:employer@cpf.gov.sg">employer@cpf.gov.sg </a></p><p>For Direct Debit / GIRO-related enquiries, please email to <a href="mailto:giro@cpf.gov.sg">giro@cpf.gov.sg </a></p><p>For Other enquiries, please email to <br><a href="mailto:cpfboard@cpf.gov.sg">cpfboard@cpf.gov.sg</a>  </p></td><td class="ms-rteTable-default"> </td></tr></tbody></table><p> </p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default" bgcolor="#dddddd"><td class="ms-rteTableEvenCol-default" style="width:50%;"> <strong>Types of Services </strong></td><td class="ms-rteTableOddCol-default" style="width:50%;"><p> <strong>Alternative channels available to members for popular transactions</strong></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" colspan="2"><p> <strong>Retirement-related services </strong>​</p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default"><p style="text-align:left;">Application for withdrawing CPF savings for members 55 and above</p><p> </p></td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the <a href="/Assets/members/Documents/FORM_RWD55.pdf" target="_blank">application form</a> to us<br></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Application to commence monthly payouts under the Retirement Sum Scheme</td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the <a href="/Assets/members/Documents/FORM_RSS30.pdf" target="_blank">application form</a> to us<br></p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default"><p>Top up Special or Retirement Accounts</p><p> </p></td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the <a href="/Assets/members/Documents/Form_RSSTP.pdf" target="_blank">application form</a> to us<br></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" colspan="2"><p> <strong>Housing-related services </strong>​</p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default">View housing statement</td><td class="ms-rteTableOddCol-default"><p>Email <a href="mailto:member@cpf.gov.sg">member@cpf.gov.sg</a> to request for the information to be mailed to your registered address.</p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Commencement / Revision / Cessation of Use of CPF for Monthly Mortgage Payment</td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the application forms to us:</p><p> <a href="/Members/Services/forms-and-e-app/schemes/housing/public-housing-scheme" target="_blank">HDB flats* financed with bank loan </a></p><p> <a href="/Members/Services/forms-and-e-app/schemes/housing/private-properties-scheme" target="_blank">Private properties</a></p><p> <i>*HDB flats financed with HDB loan: Please approach HDB Branch Office.</i></p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" colspan="2"><p> <strong>Healthcare-related services </strong></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Top up Medisave to pay for MediShield Life premiums</td><td class="ms-rteTableOddCol-default"><p>Download the form and</p><ul><li>Pay with NETS at any SingPost branch with this form, or at any SAM, or <br><br></li><li>Pay with cash or CashCard at any SingPost branches with this form</li></ul></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default">Change MediShield Life premium payer</td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the application form to us<br></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" colspan="2"><p> <strong>Employer-related services</strong></p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default">Application for waiver of foreign worker levy</td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the <a href="/Assets/employers/Documents/FORM_FWL12.pdf" target="_blank">application form</a> to us</p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Payment Advice for CPF Contributions via AXS</td><td class="ms-rteTableOddCol-default"><p>Download the <a href="/Assets/employers/Documents/FORM_CPF_91B.pdf" target="_blank">form</a> and</p><ul><li>Pay with cash, NETS or CashCard at any SingPost branch with this form <br><br></li><li>Pay with cheque and mail the form to us</li></ul></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="2">​<strong>Self-employed persons-related services ​</strong></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1">​Contributions to Medisave Account only</td><td class="ms-rteTableOddCol-default" rowspan="1"><p>​Download the <a href="/Assets/members/Documents/FORM_CPF_SE3.pdf" target="_blank">form</a> and</p><ul><li>Pay with cash, NETS or CashCard at any SingPost branch with this form<br><br></li></ul><ul><li>Pay by NETS at any SAM<br><br></li></ul><ul><li>Pay with cheque and mail the form to us</li></ul></td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" rowspan="1"> <span style="color:#444444;">Voluntary Contributions to 3 CPF Accounts</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1"><p> <span style="color:#444444;">​Download the </span> <a href="https://www.cpf.gov.sg/Assets/members/Documents/FORM_CPF_SE2.pdf" target="_blank"> form</a><span style="color:#444444;"> </span> <span style="color:#444444;">and</span></p><ul><li> <span style="color:#444444;">Pay with cash, NETS or CashCard at any SingPost branch with this form<br><br></span></li></ul><ul><li> <span style="color:#444444;">Pay with cheque and mail the form to us</span></li></ul><p> <br></p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="2">​<strong>For all enquiries and transactions​</strong></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1">My e-Concierge</td><td class="ms-rteTableOddCol-default" rowspan="1"><p>​My e-Concierge allows you to state your requests, if you are unable to submit your requests via My Requests or if the relevant online forms are unavailable.</p> <br> <p>Login with SingPass and select "My Requests > Other CPF Matters > Submit My e-Concierge requests" to begin.</p> <br> <p> <a href="https://www.cpf.gov.sg/eSvc/Web/Miscellaneous/EConcierge/Cover" target="_blank">Link</a><br></p></td></tr></tbody></table>Restoration of CPF E-Services15/12/2015 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2334
Update on CPF E-Services2307/News/news-categories-info/news-releases<p> </p><p> <strong></strong> <strong>[14 December 2015]: </strong>The CPF Board (CPFB) and its IT vendor, Microsoft, have identified the root cause of the technical issues and are working to progressively restore the CPF e-services.  CPFB thanks members for their patience and understanding during this period.</p><p> </p><p>2           Following an in-depth review, Microsoft’s global subject matter experts have determined the root cause of the technical issues to be an integration component used by the website, which had not functioned as intended under situations of high member traffic.  This caused the wrong display of information in a few isolated cases, which prompted CPFB to take the system offline as a safeguard.</p><p> </p><p>3           The CPFB and Microsoft IT teams are currently applying the necessary technical solutions and conducting extensive system testing.  This includes end-to-end user testing and checks to ensure proper functionality and performance before public access is restored.  CPFB would like to reassure members that the technical issues are confined to the website layer and all data, including members’ account details, are unaffected.</p><p> </p><p>4           “We apologise to members for the inconvenience caused.  Much as we would like to bring the e-services online as quickly as possible, we cannot afford to compromise the stability and reliability of the e-services.  We are working round the clock with Microsoft and all necessary resources have been mobilised to conduct thorough functional and load testing.  We will update members on the restoration of the CPF e-services once the effectiveness of the technical solutions have been robustly validated,” Mr Ng Chee Peng, Chief Executive Officer of CPFB.</p><p> </p><p>5           To ensure service continuity for members, selected e-services catering to 70 percent of all online transactions have been made available since Wednesday, 2 December 2015.  Members can check and print their account balances, contribution history and transaction history.  Since the restoration of selected CPF e-services from Wednesday evening, 2 December 2015 till 7.30pm on 14 December, there were more than half a million successful SingPass log-ins to those services.  In addition, CPFB has extended the weekday operating hours of its five service centres from 5pm to 6pm and the CPF Call Centres from 6pm till 7pm.  Self-employed persons who need to make contributions can do so by sending in a cheque or visiting any of the service centres.  Members are also able to perform their transactions using alternative channels as listed in the <a href="#Annex">Annex</a>.  Website informational pages and the e-Submission service for employers are not affected.</p><p> </p><p>6           Members can be assured that they will not be levied any late charges by CPFB due to the current unavailability of the CPF e-services.  Eligible members who make voluntary contributions and top-ups will qualify for the applicable tax relief as long as the Board receives their applications through relevant alternative channels such as mail, CPF service centres, Self-Automated Machines (SAM) and SingPost branches by 31 December 2015. </p><p> </p><p style="text-align:center;">[END]</p><p> </p><p> <a name="Annex"></a><strong>Annex: Alternative channels available to members </strong></p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr><td class="ms-rteTable-default" style="width:50%;"><p style="text-align:justify;"> <strong>CPF Robinson Road Service Centre </strong></p><p style="text-align:justify;">79 Robinson Road, #02-00</p><p style="text-align:justify;">Singapore 068897<br><br></p><p style="text-align:justify;"> <strong>CPF Tampines Service Centre</strong></p><p style="text-align:justify;">1 Tampines Central 5, #01-01</p><p style="text-align:justify;">Singapore 529508<br><br></p><p style="text-align:justify;"> <strong>CPF Bishan Service Centre </strong></p><p style="text-align:justify;">3 Bishan Place, #01-01</p><p style="text-align:justify;">Singapore 579838<br><br></p><p style="text-align:justify;"> <strong>CPF Jurong Service Centre</strong></p><p style="text-align:justify;">21 Jurong Gateway Road, #01-01</p><p style="text-align:justify;">Singapore 608546<br><br></p><p style="text-align:justify;"> <strong>CPF Woodlands Service Centre</strong></p><p style="text-align:justify;">900 South Woodlands Drive</p><p style="text-align:justify;">#01-02 Woodlands Civic Centre</p><p style="text-align:justify;">Singapore 730900</p></td><td class="ms-rteTable-default" style="width:50%;text-align:left;"><p> <strong>Service Centre Operating Hours:</strong></p><p>Mondays to Fridays: 8am to 6pm</p><p>Saturdays: 8am to 1pm (Robinson Road Service Centre is closed on Saturdays)</p></td></tr><tr><td class="ms-rteTable-default" style="width:50%;"><p style="text-align:justify;"> <strong>CPF Call Centre </strong>(for general enquiries only)</p><p style="text-align:justify;">1800-227-1188</p></td><td class="ms-rteTable-default"><p> <strong>Call Centre Operating Hours:</strong></p><p>Mondays to Fridays: 8am to 7pm</p><p> <strong> </strong></p></td></tr><tr><td class="ms-rteTable-default" style="width:50%;"><p> <strong>Email</strong></p><p>For Member-related enquiries, please email to <a href="mailto:member@cpf.gov.sg">member@cpf.gov.sg</a></p><p>For Employer-related enquiries, please email to <a href="mailto:employer@cpf.gov.sg">employer@cpf.gov.sg </a></p><p>For Direct Debit / GIRO-related enquiries, please email to <a href="mailto:giro@cpf.gov.sg">giro@cpf.gov.sg </a></p><p>For Other enquiries, please email to <br><a href="mailto:cpfboard@cpf.gov.sg">cpfboard@cpf.gov.sg</a>  </p></td><td class="ms-rteTable-default"> </td></tr></tbody></table><p> </p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default" bgcolor="#dddddd"><td class="ms-rteTableEvenCol-default" style="width:50%;"> <strong>Types of Services </strong></td><td class="ms-rteTableOddCol-default" style="width:50%;"><p> <strong>Alternative channels available to members for popular transactions</strong></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" colspan="2"><p> <strong>Retirement-related services </strong>​</p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default"><p style="text-align:left;">Application for withdrawing CPF savings for members 55 and above</p><p> </p></td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the <a href="/Assets/members/Documents/FORM_RWD55.pdf" target="_blank"> application form</a> to us</p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Application to commence monthly payouts under the Retirement Sum Scheme</td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the <a href="/Assets/members/Documents/FORM_RSS30.pdf" target="_blank">application form</a> to us</p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default"><p>Top up Special or Retirement Accounts</p><p> </p></td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the <a href="/Assets/members/Documents/Form_RSSTP.pdf" target="_blank">application form</a> to us<br></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" colspan="2"><p> <strong>Housing-related services </strong>​</p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default">View housing statement</td><td class="ms-rteTableOddCol-default"><p>Email <a href="mailto:member@cpf.gov.sg">member@cpf.gov.sg</a> to request for the information to be mailed to your registered address.</p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Commencement / Revision / Cessation of Use of CPF for Monthly Mortgage Payment</td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the application forms to us:</p><p> <a href="/Members/Services/forms-and-e-app/schemes/housing/public-housing-scheme">HDB flats* financed with bank loan</a></p><p> <a href="/Members/Services/forms-and-e-app/schemes/housing/private-properties-scheme"> Private properties</a></p><p>*HDB flats financed with HDB loan: Please approach HDB Branch Office.</p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" colspan="2"><p> <strong>Healthcare-related services </strong></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Top up Medisave to pay for MediShield Life premiums</td><td class="ms-rteTableOddCol-default"><p>Download the form and</p><ul><li>Pay with NETS at any SingPost branch with this form, or at any SAM machine, or <br><br></li><li>Pay with cash or CashCard at any SingPost branches with this form</li></ul></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default">Change MediShield Life premium payer</td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the application form to us<br></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" colspan="2"><p> <strong>Employer-related services</strong></p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default">Application for waiver of foreign worker levy</td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the <a href="/Assets/employers/Documents/FORM_FWL12.pdf" target="_blank">application form</a> to us<br></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Payment Advice for CPF Contributions via AXS</td><td class="ms-rteTableOddCol-default"><p>Download the <a href="/Assets/employers/Documents/FORM_CPF_91B.pdf" target="_blank">form</a> and</p><ul><li>Pay with cash, NETS or CashCard at any SingPost branch with this form <br><br></li><li>Pay with cheque and mail the form to us</li></ul></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="2">​<strong>Self-employed persons-related services ​</strong></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" rowspan="1">​Contributions to Medisave Account only</td><td class="ms-rteTableOddCol-default" rowspan="1"><p>​Download the <a href="/Assets/members/Documents/FORM_CPF_SE3.pdf" target="_blank">form</a> and</p><ul><li>Pay with cash, NETS or CashCard at any SingPost branch with this form</li></ul><ul><li>Pay by NETS at any SAM</li></ul><ul><li>Pay with cheque and mail the form to us</li></ul></td></tr><tr class="ms-rteTableFooterRow-default"><td class="ms-rteTableFooterEvenCol-default" rowspan="1">​<span style="color:#444444;">Voluntary Contributions to 3 CPF Accounts</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1"><p> <span style="color:#444444;">​Download the </span> <a href="/Assets/members/Documents/FORM_CPF_SE2.pdf" target="_blank">form</a><span style="color:#444444;"> and</span></p><ul><li> <span style="color:#444444;">Pay with cash, NETS or CashCard at any SingPost branch with this form</span></li></ul><ul><li> <span style="color:#444444;">Pay with cheque and mail the form to us</span></li></ul></td></tr></tbody></table>Update on CPF E-Services14/12/2015 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2326
Partial Availability of CPF E-Services2305/News/news-categories-info/news-releases<ul><li> <em>Further extension of customer service hours from Monday, 7 December 2015</em></li><li> <em>Selected e-services catering to 70 percent of all online transactions available since 2 December 2015</em></li></ul><p>  </p><p>The CPF Board apologises for the partial availability of CPF e-services. We thank members for their patience and understanding. Since Wednesday, 2 December 2015, selected e-services catering to 70 percent of all online transactions have been made available to members, who can check and print their account balances, contribution history and transaction history. Website informational pages and the e-Submission service for employers also remain unaffected. We are working round the clock with our IT vendor, Microsoft to restore the rest of the e-services as soon as possible.</p><p>On Monday, 30 November 2015, the Board uncovered technical issues arising from the recent website upgrade which caused a wrong display of information in a few isolated cases. We then decided to take the system offline as a safeguard and to conduct a full review of the system to understand the root cause and resolve this.</p><p>The Board assures members that the technical issues affected only the website layer. There is no impact on the Board’s back-end systems and databases, which means that all data, including members’ account details, are completely unaffected.</p><p>We are sparing no effort to resolve this issue and have been working in close partnership with our IT vendor, Microsoft, to assess the system and identify the possible root cause. Microsoft has committed all necessary resources, including tapping into their global subject matter experts, to assist in the effort.</p><p>"We thank members for their patience and understanding during this period. We are doing our utmost to ensure continuity of our services while work on restoration of the full suite of e-services is in progress. We have beefed up resources and are further extending the operating hours of our five service centres and Call Centre to facilitate members’ queries and transactions." Mr Soh Chin Heng, Deputy Chief Executive (Services), CPF Board.</p><p>To facilitate urgent queries and transactions, the operating hours of the CPF service centres and Call Centre have been extended. From next Monday, we will further extend the queue ticket issuance timing from 5pm to 6pm on weekdays at our five service centres at Bishan, Jurong, Robinson Road, Tampines and Woodlands. Our Call Centre’s operating hours will also be further extended from 6pm to 7pm on weekdays. We would like to reassure affected CPF members that they will not be levied late payment charges by the Board due to this situation. The alternative offline channels available to members are listed in the <a href="#Annex">Annex</a>.</p><p>There were a total of 54 million online transactions on the CPF website last year. Given the scope and complexity of the website upgrade, which includes the migration of all online functionalities, we seek members’ understanding that a thorough and careful assessment to identify the root cause and then resolve it takes time. Members’ information and data integrity are of paramount importance to the Board. Even as we are committed to resolving the technical issues quickly, we also need to ensure that all online functionalities are robustly tested and validated before e-services are fully restored.</p><p>Since the restoration of selected CPF e-services from Wednesday evening till 11am today, there were close to 120,000 successful SingPass log-ins to those services. As we are currently seeing more than twice the daily volume of log-ins, some members may experience slowness or be unable to log in. For non-urgent queries, members may wish to log in after 10pm.</p><p>We will continue to provide updates on the restoration of the rest of our e-services via the CPF website and Facebook page.</p><p> </p><p style="text-align:center;">[END]</p><p> </p><p> <a name="Annex"></a><strong>Annex: Alternative channels available to members </strong></p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr><td class="ms-rteTable-default" style="width:50%;"><p style="text-align:justify;"> <strong>CPF Robinson Road Service Centre </strong></p><p style="text-align:justify;">79 Robinson Road, #02-00</p><p style="text-align:justify;">Singapore 068897<br><br></p><p style="text-align:justify;"> <strong>CPF Tampines Service Centre</strong></p><p style="text-align:justify;">1 Tampines Central 5, #01-01</p><p style="text-align:justify;">Singapore 529508<br><br></p><p style="text-align:justify;"> <strong>CPF Bishan Service Centre </strong></p><p style="text-align:justify;">3 Bishan Place, #01-01</p><p style="text-align:justify;">Singapore 579838<br><br></p><p style="text-align:justify;"> <strong>CPF Jurong Service Centre</strong></p><p style="text-align:justify;">21 Jurong Gateway Road, #01-01</p><p style="text-align:justify;">Singapore 608546<br><br></p><p style="text-align:justify;"> <strong>CPF Woodlands Service Centre</strong></p><p style="text-align:justify;">900 South Woodlands Drive</p><p style="text-align:justify;">#01-02 Woodlands Civic Centre</p><p style="text-align:justify;">Singapore 730900</p></td><td class="ms-rteTable-default" style="width:50%;text-align:left;"><p> <strong>Service Centre Operating Hours:</strong></p><p>Mondays to Fridays: 8am to 6pm (with effect from Monday, 7 Dec)</p><p>Saturdays: 8am to 1pm (Robinson Road Service Centre is closed on Saturdays)</p></td></tr><tr><td class="ms-rteTable-default" style="width:50%;"><p style="text-align:justify;"> <strong>CPF Call Centre </strong>(for general enquiries only)</p><p style="text-align:justify;">1800-227-1188</p></td><td class="ms-rteTable-default"><p> <strong>Call Centre Operating Hours:</strong></p><p>Mondays to Fridays: 8am to 7pm (with effect from Monday, 7 Dec)</p><p> <strong> </strong></p></td></tr><tr><td class="ms-rteTable-default" style="width:50%;"><p> <strong>Email</strong></p><p>For Member-related enquiries, please email to <a href="mailto:member@cpf.gov.sg">member@cpf.gov.sg</a></p><p>For Employer-related enquiries, please email to <a href="mailto:employer@cpf.gov.sg">employer@cpf.gov.sg </a></p><p>For Direct Debit / GIRO-related enquiries, please email to <a href="mailto:giro@cpf.gov.sg">giro@cpf.gov.sg </a></p><p>For Other enquiries, please email to <br> <a href="mailto:cpfboard@cpf.gov.sg">cpfboard@cpf.gov.sg</a>  </p></td><td class="ms-rteTable-default"> </td></tr></tbody></table><p> </p><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default" bgcolor="#dddddd"><td class="ms-rteTableEvenCol-default" style="width:50%;"> <strong>Types of Services </strong></td><td class="ms-rteTableOddCol-default" style="width:50%;"><p> <strong>Alternative channels available to members for popular transactions</strong></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" colspan="2"><p> <strong>Retirement-related services </strong>​</p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default"><p style="text-align:left;">Application for withdrawing CPF savings for members 55 and above</p><p> </p></td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the <a href="/Members/Services/forms-and-e-app/schemes/retirement/withdrawals-of-cpf-savings-from-55">application form</a> to us<br></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Application to commence monthly payouts under the Retirement Sum Scheme</td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the <a href="/Assets/members/Documents/FORM_RSS30.pdf" target="_blank">application form</a> to us<br></p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default"><p>Top up Special or Retirement Accounts</p><p> </p></td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the <a href="/Assets/members/Documents/Form_RSSTP.pdf" target="_blank"> application form</a> to us<br></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" colspan="2"><p> <strong>Housing-related services </strong>​</p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default">View my housing statement</td><td class="ms-rteTableOddCol-default"><p>Email <a href="mailto:member@cpf.gov.sg"> member@cpf.gov.sg</a> to request for the information to be mailed to your registered address.</p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Commencement / Revision / Cessation of Use of CPF for Monthly Mortgage Payment</td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the application forms to us:</p><p> <a href="/Members/Services/forms-and-e-app/schemes/housing/public-housing-scheme">HDB flats* financed with bank loan</a></p><p> <a href="/Members/Services/forms-and-e-app/schemes/housing/private-properties-scheme">Private properties</a></p><p>*HDB flats financed with HDB loan: Please approach HDB Branch Office.</p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default" colspan="2"><p> <strong>Healthcare-related services </strong></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default">Top up Medisave to pay for MediShield Life premiums</td><td class="ms-rteTableOddCol-default"><p>Download the form and</p><ul><li>Pay with NETS at any SingPost branch with this form, or at any SAM machine, or <br> <br></li><li>Pay with cash or CashCard at any SingPost branches with this form</li></ul></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default">Change MediShield Life premium payer</td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the application form to us<br></p></td></tr><tr class="ms-rteTableOddRow-default"><td class="ms-rteTableEvenCol-default" colspan="2"><p> <strong>Employer-related services</strong></p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default">Application for waiver of foreign worker levy</td><td class="ms-rteTableOddCol-default"><p>Download, complete and mail the <a href="/Assets/employers/Documents/FORM_FWL12.pdf" target="_blank">application form</a> to us<br></p></td></tr><tr class="ms-rteTableEvenRow-default"><td class="ms-rteTableEvenCol-default">Payment Advice for CPF Contributions via AXS</td><td class="ms-rteTableOddCol-default"><p>Download the <a href="https://www.cpf.gov.sg/Assets/employers/Documents/FORM_CPF_91B.pdf" target="_blank">form</a> and</p><ul><li>Pay with cash, NETS or CashCard at any SingPost branch with this form <br> <br></li><li>Pay with cheque and mail the form to us</li></ul></td></tr></tbody></table>Partial Availability of CPF E-Services3/12/2015 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2324
CPF interest rates from 1 January 2016 to 31 March 20162303/News/news-categories-info/news-releases<table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF Interest Rates from 1 January 2016 to 31 March 2016</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account </strong></li><li> <strong>Up to 5% per annum on the Special, Medisave and Retirement Accounts</strong></li><li> <strong>Up to 5% per annum on Retirement Account</strong></li><li> <strong>CPF members aged 55 and above will earn an additional 1% extra interest on the first $30,000 of their combined balances</strong></li></ul> <br> <p> <strong>HDB mortgage rate from 1 January 2016 to 31 March 2016</strong></p><ul><li> <strong>Remains unchanged at 2.6% per annum</strong></li></ul></td></tr></tbody></table>          <br> <p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the first quarter of 2016. CPF members will also earn up to 5% per annum on their Retirement Account (RA) monies in 2016. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.<br></p><p>CPF members aged 55 and above will also earn an additional 1% extra interest on the first $30,000 of their combined balances from January 2016. 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% interest per year on their retirement balances.<br></p><p>The extra interest received on the OA will go into the member’s SA or RA to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.<br><br></p> <span class="blackhighlight"><strong>Interest Rate for Ordinary Account and HDB Mortgage Rate</strong></span><br>​​<br>The OA interest rate will be maintained at 2.5% per annum from 1 January 2016 to 31 March 2016, as the computed rate of 0.21% is lower than the legislated minimum interest rate. Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 January 2016 to 31 March 2016. <p> </p><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.</p> <br> <span class="blackhighlight"><strong>Interest Rate for Special and Medisave Accounts</strong></span><br><br> <p> The SMA interest rate will be maintained at 4% per annum from 1 January 2016 to 31 March 2016, as the computed rate of 3.39% is lower than the current floor interest rate of 4% per annum.​​</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate​​.<br><br></p> <span class="blackhighlight"> <strong>Interest Rate for Retirement Account</strong></span><br><br> <p>The RA interest rate will be maintained at 4% per annum from 1 January 2016 to 31 December 2016.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate.<br><br></p> <span class="blackhighlight"><strong>Public Enquiries</strong><br><br></span> <p> CPF members can visit <a href="http://www.cpf.gov.sg/">www.cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries.</p><p> </p><div align="right"> <a name="AnnexA"></a> <span class="blackhighlight"> <a name="AnnexA"></a> <strong>Annex A<br></strong></span></div><div align="right"> <span class="blackhighlight"><strong>​​<br></strong></span></div><p> <strong></strong><span class="blackhighlight"><strong>Computation of CPF OA Interest Rate and HDB Mortgage Rate for 1 January 2016 to 31 March 2016</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from August 2015 to October 2015<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.21% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for January 2016 to March 2016</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for January 2016 to March 2016</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from August 2015 to October 2015<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.21% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for January 2016 to March 2016</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for January 2016 to March 2016</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <span class="blackhighlight"> <strong>Note:</strong></span></p> ​ <table width="100%" border="0"><tbody><tr></tr></tbody></table> <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>31 Aug 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2100</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>30 Sep 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2100</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Oct 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2100</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Aug 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Oct 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>31 Aug 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">31 Oct 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Aug 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2100</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2100</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">31 Oct 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2100</span></td></tr></tbody></table></div> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account) <br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"> <font face="Arial, Helvetica, sans-serif" size="2"></font></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a> <span class="blackhighlight"> <a name="AnnexB"></a> <br> <strong>Annex B</strong></span></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"> <span class="blackhighlight"><strong>Computation of CPF SMA Interest Rate for 1 January 2016 to 31 March 2016</strong></span></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from November 2014 to October 2015<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.39% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for January 2016 to March 2016<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.39%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for January 2016 to March 2016</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from November 2014 to October 2015<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.39% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"><span aria-hidden="true"></span><em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for January 2016 to March 2016<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.39%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for January 2016 to March 2016</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"><strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td height="2" valign="top"> </td><td height="2" valign="top"><p align="center" style="text-align:left;"> <span class="blackhighlight"> <strong>Note:</strong></span></p><p align="center">​ <img alt="10-Year SGS - 30 Nov 15" src="/Assets/common/PublishingImages/10YRSGS_30Nov15.png" style="width:100%;height:auto;" /></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td valign="top"> </td><td valign="top"><div align="right"> <a name="AnnexC"></a> <span class="blackhighlight"> <a name="AnnexC"></a> <strong>Annex C</strong></span></div></td></tr><tr><td valign="top"> </td><td valign="top"> </td></tr><tr><td valign="top"> </td><td valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <span class="blackhighlight"><strong>Computation of CPF RA Interest Rate for 1 January 2016 to 31 December 2016</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2016 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher.</td><td valign="top"> </td></tr></tbody></table> <br> <p>The average yield of the 10YSGS plus 1% from November 2014 to October 2015 is 3.39% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2016 will pay a fixed coupon of 4%. <br> <br>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.</p></td></tr></tbody></table> ​CPF interest rates from 1 January 2016 to 31 March 201629/11/2015 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2320
CPF Board awards tender on sale of building at 79 Robinson Road to Southernwood Property Pte Ltd2302/News/news-categories-info/news-releases<p>The CPF Board has awarded the public tender for the sale of the CPF Building at 79 Robinson Road to Southernwood Property Pte Ltd, which belongs to a company wholly owned by Ascendas Land (Singapore) Pte Ltd, at a bid price of $550 million.</p><p>The public tender for the sale of the building which closed on 28 October attracted three bids as follows:</p><ol><li>​Bid of $550 million by Southernwood Property Pte Ltd (Wholly Owned by Southernwood Holding Pte Ltd which in turn is wholly owned by Ascendas Land (Singapore) Pte Ltd)</li> <li>Bid of $538.28 million by Leapford Pte Ltd (Wholly owned by Pacific Century Regional Developments Limited)</li><li>Bid of $280 million by OUE Reef Development Pte Ltd (Wholly owned by Reef Development Holdings Pte Ltd, which in turn, is jointly owned by OUE Limited, Haiyi Holdings Pte Ltd, SingHaiyi Group Ltd)</li></ol> <br> <p>The highest bid came from Southernwood Property Pte Ltd. Southernwood Property Pte Ltd also met all tender criteria, including the strength of their financial standing and purchase conditions such as the assignment of tenancies to the new owner.</p><p>Since 23 November 2015, the corporate operations of the CPF Board have been relocating in phases to Novena Square Towers A and B. The relocation is a strategic move to free up prime office space in the Central Business District for higher-value uses.</p><p>The CPF Service Centre will continue to operate at 79 Robinson Road until further notice. The customer hotline (1800-227-1188) and email (<a href="mailto:member@cpf.gov.sg">member@cpf.gov.sg</a> or <a href="mailto:employer@cpf.gov.sg">employer@cpf.gov.sg</a>) remain unchanged.</p>CPF Board awards tender on sale of building at 79 Robinson Road to Southernwood Property Pte Ltd26/11/2015 3:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2318
CPF Board at Robinson Road relocates to Novena Square2301/News/news-categories-info/news-releases<p><strong>Robinson Road Service Centre remains open​</strong></p><p>From 23 November 2015, the corporate operations of the Central Provident Fund (CPF) Board at the CPF Building, 79 Robinson Road will relocate to Novena Square Towers A and B. The relocation will free up prime office space in the Central Business District for higher-value uses.</p><p>The new CPF Board corporate address at Novena Square is:<br><strong>238B Thomson Road <br>#08-00 Tower B Novena Square <br>Singapore 307685</strong></p><p>The move does not affect the CPF Service Centre at 79 Robinson Road which will continue to operate on the second floor of CPF Building till further notice. The customer hotline (1800-227-1188) and email (<a href="mailto:member@cpf.gov.sg">member@cpf.gov.sg</a> or <a href="mailto:employer@cpf.gov.sg">employer@cpf.gov.sg</a>) also remain unchanged.</p><p>The CPF Building at 79 Robinson Road has been put up for sale through a tender and bids are currently being evaluated.</p><p> </p><p><span lang="EN-GB"><strong>Annex: CPF Service Centres, customer hotline and email:</strong></span></p><ol><li><strong>CPF Robinson Road Service Centre <br></strong>79 Robinson Road, #02-00<br>Singapore 068897<br> </li><li><strong>CPF Tampines Service Centre</strong><br>1 Tampines Central 5, #01-01<br>Singapore 529508<br> </li><li><strong>CPF Bishan Service Centre </strong><br>3 Bishan Place, #01-01<br>Singapore 579838<br> </li><li><strong>CPF Jurong Service Centre</strong><br>21 Jurong Gateway Road, #01-01<br>Singapore 608546<br> </li><li><strong>CPF Woodlands Service Centre</strong><br>900 South Woodlands Drive<br>#01-02 Woodlands Civic Centre<br>Singapore 730900</li></ol><p> </p><p><strong>Service Centre Operating Hours:</strong></p><p>Mondays to Fridays: 8am to 5pm</p><p>Saturdays: 8am to 1pm (Robinson Road Service Centre is closed on Saturdays)</p><p>Customers are encouraged to <a href="https://www.cpf.gov.sg/Members/Services/others/esvpages/e-services/cpf-appointment-service">make an appointment</a> before visiting the Service Centres. Click <a href="https://www.cpf.gov.sg/Members/Contact/visit-us">here</a> for more details. </p>CPF Board at Robinson Road relocates to Novena Square16/11/2015 2:00:00 AMhttps://null/common/Lists/News/DispForm.aspx?ID=2316
Minimum 4% interest rate for Special, Medisave and Retirement Account (SMRA) monies to be extended until 31 December 20162300/News/news-categories-info/news-releases<table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"><p style="text-align:left;"> <strong>CPF interest rates from 1 October 2015 to 31 December 2015</strong></p><ul><li> <strong>Up to 3.5% per annum on the Ordinary Account</strong></li><li> <strong>Up to 5% per annum on the Special, Medisave and Retirement Accounts</strong></li></ul> <br> <p> <strong>HDB mortgage rate from 1 October 2015 to 31 December 2015</strong></p><ul><li> <strong>Remains unchanged at 2.6% per annum</strong></li></ul></td></tr><tr bgcolor="#dddddd"><td rowspan="1" colspan="2">​<br></td></tr></tbody></table><p>In view of the continuing low interest rate environment, the Government has decided to further extend the 4% floor rate for interest earned on all SMRA monies for another year until 31 December 2016.</p><p>Since 1 January 2008, savings in the SMRA have been invested in Special Singapore Government Securities (SSGS) which earn an interest rate pegged to the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%. This is a market-based rate for instruments of comparable risk and duration, and will ensure that members receive fair and reasonable interest rates. To help members cope with the transition, the Government had committed to providing a 4% floor rate for SMRA interest for two years up to December 2009. This was subsequently extended in light of global economic conditions and the fact that interest rates had been exceptionally low. The 4% floor rate is currently due to expire on 31 December 2015.</p><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special, Medisave and Retirement Accounts (SMRA) monies in the fourth quarter of 2015. These interest rates include an additional 1% interest paid on the first $60,000 of a member's combined balances (with up to $20,000 from the OA) which is part of the Government's efforts to enhance the retirement savings of CPF members.</p><p>From 1 January 2016, CPF members aged 55 and older will earn an additional 1% extra interest 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% interest per year on their retirement balances.</p><p>The extra interest received on the OA will go into the member's SA or RA to enhance his or her retirement savings. If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.</p> <br> <p> <span class="blackhighlight"><strong><strong>Interest Rate for Ordinary Account and HDB Mortgage <strong>Rate</strong></strong></strong></span></p><p> The OA interest rate will be maintained at 2.5% per annum from 1 October 2015 to 31 December 2015, as the computed rate of 0.21% is lower than the legislated minimum interest rate.</p><p>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 October 2015 to 31 December 2015.</p><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.</p> <br> <p> <strong>Interest Rate for Special and Medisave Accounts</strong>   </p><p>The SMA interest rate will be maintained at 4% per annum from 1 October 2015 to 31 December 2015, as the computed rate of 3.33% is lower than the current floor interest rate.</p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate.</p> <br> <p> <span class="blackhighlight"><strong>Interest Rate for Retirement Account </strong></span></p><p>The RA interest rate will be maintained at 4% per annum from 1 January 2015 to 31 December 2015, as announced on 25 November 2014.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate. </p> <br> <p> <span class="blackhighlight"> <strong>Public Enquiries</strong></span></p><p>CPF members can visit www.cpf.gov.sg or call the CPF Call Centre at 1800-227-1188 for enquiries.<span class="blackhighlight">  </span></p><p style="text-align:right;"> <span class="blackhighlight"> <strong> <a name="AnnexA"></a>Annex A</strong></span></p><p> <strong> <strong>Computation of CPF OA Interest Rate and HDB Mortgage Rate for 1 October 2015 to 31 December 2015</strong></strong> </p><p>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks' interest rates, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from August 2015 to October 2015<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.21% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for January 2016 to March 2016</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for January 2016 to March 2016</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from August 2015 to October 2015<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.24% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for January 2016 to March 2016</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for January 2016 to March 2016</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> <strong>Note:</strong></p>​ <div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>31 Aug 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2100</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>30 Sep 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2100</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Oct 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2100</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Aug 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Oct 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>31 Aug 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">31 Oct 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Aug 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2100</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Sep 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2100</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">31 Oct 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2100</span></td></tr></tbody></table></div> <br> <sup>1</sup> Balances of $20,000 to < $50,000<br><sup>2</sup> Balances > $20,000 to $50,000 <br><sup>3</sup> Balances < $50,000 <br><sup>4</sup> Balances > $10,000 to $100,000 (AUTO-SAVE Account) <div> <sup>5</sup> Balances ≤ $100,000 (EASI-SAVE Account)<br><sup>6</sup> Balances > $15,000 to $100,000 (UNIPLUS Account)</div><table width="98%" border="0"><tbody><tr><td></td></tr></tbody></table><div align="right"> <br> <br> <span class="blackhighlight"> <strong> <a name="AnnexB"></a>Annex B</strong></span></div>   <p> <strong> <strong>Computation of CPF SMA Interest Rate for 1 October 2015 to 31 December 2015</strong></strong></p><p> The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p> <div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from August 2014 to July 2015<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.33% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for October 2015 to December 2015<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.33%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for October 2015 to December 2015</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from August 2014 to July 2015<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.33% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for October 2015 to December 2015<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.33%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for October 2015 to December 2015</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <strong>Note:​​​ </strong> </p><p align="center"> <img alt="10-Year SGS - 29 Sep 15" src="/Assets/common/PublishingImages/10YRSGS_29Sept15.jpg" style="width:75%;height:auto;" /> </p><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p> <br> <div style="text-align:right;"> <span class="blackhighlight"><a name="AnnexC"></a><strong>Annex C</strong></span></div><p> <br> <strong> <strong>Computation of CPF RA Interest Rate for 1 January 2015 to 31 December 2015</strong></strong></p><p> <strong></strong>RA monies credited in 2015 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher.</p><p>The average yield of the 10YSGS plus 1% from November 2013 to October 2014 is 3.40% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2015 will pay a fixed coupon of 4%.<br></p><p>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance.</p>Minimum 4% interest rate for Special, Medisave and Retirement Account (SMRA) monies to be extended until 31 December 201629/9/2015 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2300
Premium rebates for CPF members under Home Protection Scheme2296/News/news-categories-info/news-releases<p>CPF members who are covered under the Home Protection Scheme (HPS) from 1 July 2006 will receive premium rebates from the Central Provident Fund Board. The rebates arise from better than expected investment returns and lower than projected claims experience. The premium rebates will be credited to eligible members' CPF Ordinary Account in November 2015.</p><p>About 949,000 members will benefit from this rebate exercise, with about half to receive $400 or more. This is the fifth time the Board is distributing HPS premium rebates to members. The last exercise was carried out in 2006.</p><p>HPS is a mortgage-reducing insurance that protects CPF members and their families against losing their homes, in the event of death or permanent incapacity of the insured member before the housing loans for their HDB flats are paid up. Designed to be competitive and affordable for CPF members, HPS premiums are regularly reviewed and were lowered in 2006 and 2012. CPF members must be insured under HPS if they use their CPF savings to pay for the monthly housing loan instalments of their HDB flats. Those who do not use their CPF savings to service their housing loans can also be protected under HPS.  </p><p>Eligible members may check the rebate amount from my cpf Online Services > My Messages by logging in with their SingPass at the CPF website from the second half of November 2015. The rebate amount will also be reflected in the CPF Statement of Account which members will receive in January 2016.</p><p>Members with enquiries may call the CPF Call Centre at 1800-227-1188 or email <a href="mailto:member@cpf.gov.sg">member@cpf.gov.sg</a></p>Premium rebates for CPF members under Home Protection Scheme4/8/2015 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2296
Singapore wins 2015 United Nations Public Service Award for WorkRight initiative2286/News/news-categories-info/news-releases<p>For the first time ever, Singapore has won the first place in the 2015 United Nations Public Service Awards (UNPSA), in the category of “Promoting Whole-of-Government Approaches in the Information Age”, for the Asia-Pacific region. The award recognises the Ministry of Manpower (MOM) and the Central Provident Fund Board (CPFB)’s achievements in raising national awareness of and compliance with employment laws through the WorkRight initiative (“WorkRight”).</p><p>Launched in September 2012, WorkRight aims to ensure that workers, particularly the more economically vulnerable groups such as low-wage workers, enjoy their basic employment rights under the law. This is achieved through a two-pronged approach covering education and enforcement. </p><p> </p><p> <strong>Use of traditional outreach channels and creative engagement platforms</strong><span lang="EN-SG"><em>  </em></span></p><p>Public education efforts under WorkRight leveraged a mix of communication channels to raise awareness of the employment rights messages to the target audience. This includes traditional outreach channels, such as print, broadcast, social and digital media, and creative engagement platforms, such as flash mob performance of a live musical performance which weaved employment rights message into a colloquial song and dance. WorkRight also produced educational materials targeted at both employees and employers. For example, a comic book to educate security officers about their employment rights was co-produced with the Union of Security Employees. For employers, the "WorkRight Self-Help Toolkit" is a resource for employers to better identify and self-rectify areas of non-compliance with the employment laws. (More information about the UNPSA and WorkRight’s public education efforts can be found in <a href="#AnnexA">Annex A</a>)</p><p> MOM and CPFB also worked hand-in-hand with partners such as the Singapore National Employers Federation, National Trades Union Congress, Community Development Councils and self-help groups<sup>1</sup> in community engagement initiatives, such as job fairs and employer briefing sessions, to raise workers' and employers' understanding of their employment rights and obligations.</p><p> To complement public education efforts, proactive inspections under WorkRight increased ten-fold (from 500 to 5,000) a year. These inspections are aimed at ensuring employers comply with the employment laws, rather than penalising them.</p><p>    </p><p> <span style="font-size:0.9em;"> <sup>1 </sup>Examples of self-help groups that MOM and CPFB worked with include the Chinese Development Assistance Council (CDAC), Council for the Development of Singapore Malay/Muslim Community (MENDAKI), and Singapore Indian Development Association (SINDA).</span></p><p> </p><p> <em> </em> <strong>WorkRight benefitted more than 42,000 workers</strong><em>  </em></p><p>As of 1 Apr 2015, WorkRight has benefitted more than 42,000 Singaporeans; of which, more than half were low-wage workers. These workers now enjoy their statutory entitlements such as timely payment of salary, CPF contributions or payment of overtime allowance. WorkRight has also helped employers better understand their rights and obligations. 9 out of 10 employers from sectors where non-compliance tend to be higher<sup>2</sup> are now found to be complying with employment laws – up from 7 out of 10 in 2013.  </p><p>Mr Lim Swee Say, Minister for Manpower commented, "I am proud of the efforts put in by our officers, and the collaborative efforts of the tripartite partners in reaching out to our workers, especially the many lower wage workers who may not know their rights. We will continue to explore new and effective ways to serve our public better, from policy design, to service delivery and public engagement so as to achieve a better outcome for all."</p><p>MOM and CPFB will be receiving the award at the 2015 United Nations Public Service Forum, Day and Awards Ceremony in Colombia from 23-26 June 2015. The full list of winners is in <a href="/Assets/common/Documents/Annex%20B-%20UNPSA%202015%20Winners%20List.pdf" target="_blank"> Annex B.</a></p><p>      </p><p> <sup style="font-size:0.9em;">2 </sup><span style="font-size:0.9em;">Non-compliance with the Employment Act and the CPF Act tend to be higher in sectors such as food & beverage, retail, security and cleaning.</span><br></p><p style="text-align:right;">  </p><p style="text-align:right;"> <a name="AnnexA"></a><strong>Annex A<br></strong> </p><p style="text-align:left;"> <strong>A) About the United Nations Public Service Awards </strong></p><p style="text-align:justify;"> The <a href="http://www.unpan.org/DPADM/UNPSDayAwards/UNPublicServiceAwards/tabid/1522/language/en-US/Default.aspx" target="_blank">United Nations Public Service Awards (UNPSA)</a> is the most prestigious international recognition of excellence in public service. It rewards the creative achievements and contributions of public service institutions that lead to a more effective and responsive public administration in countries worldwide. Through an annual competition, the UNPSA promote the role, professionalism and visibility of public service. It encourages exemplary public service and recognizes that democracy and successful governance are built on a competent civil service.</p><p style="text-align:justify;"> The UNPSA aim at discovering innovations in governance; rewarding excellence in the public sector; motivating public servants to further promote innovation; enhancing professionalism in the public service; raising the image of public service; enhancing trust in government; and collecting and disseminating successful practices for possible replication. </p><p style="text-align:left;"> The UNPSA takes into consideration a geographical distribution of five regions. In order to level the playing field for nominations received from countries with varying levels of development and income, the following five regions have been established, including: Africa, Asia and the Pacific, Europe and North America, Latin America and the Caribbean, and Western Asia. </p><p style="text-align:left;">  </p><p style="text-align:left;"> <strong>B) About WorkRight's public education efforts</strong></p><table border="0" cellspacing="0" style="width:100%;"><tbody><tr><td style="width:50%;">​<img alt="Video of flashmob performance - If Only" src="/Assets/common/PublishingImages/Flash%20Mob%20Social%20Media.jpg" style="width:80%;height:auto;" /><br></td><td style="width:50%;"><p style="text-align:left;">1. <a href="https://www.youtube.com/watch?v=ak3fVFhpmeg" target="_blank">Video of flashmob performance -"If Only"</a></p></td></tr></tbody></table><p> <br></p><p> </p><table border="0" cellspacing="0" style="width:100%;"><tbody><tr><td style="width:50%;">​<img alt="Comic book to educate security officers on their employment rights" src="/Assets/common/PublishingImages/Comic%20Book.jpg" style="width:70%;height:auto;" /></td><td style="width:50%;"><p>2. <a href="http://www.ntuc.org.sg/wps/wcm/connect/80f33f0040baba30a54bef1e990aaadb/USE_Handbook_Low_resolution.pdf?MOD=AJPERES&CACHEID=80f33f0040baba30a54bef1e990aaadb" target="_blank">Comic book to educate security officers on their employment rights</a><br></p><p> This USE-WorkRight comic book was distributed to more than 5,000 security officers.<br></p><p> </p></td></tr></tbody></table><p> </p><table border="0" cellspacing="0" style="width:100%;"><tbody><tr><td style="width:50%;">​<img alt="WorkRight Employer's Toolkit" src="/Assets/common/PublishingImages/Work%20Right%20Employer%20Toolkit.jpg" style="width:80%;height:auto;" /></td><td style="width:50%;"><p> 3. <a href="http://www.mom.gov.sg/~/media/mom/documents/employment-practices/workright/workright-do-it-right-toolkit.pdf?la=en" target="_blank">WorkRight Employer's Toolkit</a><br></p><p>The toolkit was distributed to more than 4,300 employers in sectors with higher non-compliance.<br></p></td></tr></tbody></table> <br>Singapore wins 2015 United Nations Public Service Award for WorkRight initiative8/6/2015 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2286
CPF interest rates from 1 July 2015 to 30 September 20152284/News/news-categories-info/news-releases​ <table border="0" cellspacing="0" cellpadding="0" style="width:100%;"><tbody><tr><td valign="top" style="width:100%;"><p> <strong>• Up to 3.5% per annum* on the Ordinary Account <br>• Up to 5% per annum*on the Special and Medisave Accounts<br><br></strong></p></td></tr><tr><td valign="top" style="width:100%;"><p> <strong>HDB MORTGAGE RATE FROM 1 JULY 2015 TO 30 SEPTEMBER 2015<br>• Remains unchanged at 2.6% per annum </strong></p></td></tr><tr><td valign="top" style="width:100%;"> ​ <p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the third quarter of 2015. </p><p>The above interest rates include an additional 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.​<br><br></p></td></tr><tr><td valign="top" style="width:100%;"> <span class="blackhighlight"> <strong>Interest Rate for Ordinary Account and HDB Mortgage Rate</strong></span></td></tr><tr><td valign="top" style="width:100%;"><p> <br>​​The OA interest rate will be maintained at 2.5% per annum from 1 July 2015 to 30 September 2015, as the computed rate of 0.21% is lower than the legislated minimum interest rate.</p><p>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 July 2015 to 30 September 2015.</p></td></tr><tr><td valign="top" style="width:100%;"><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.</p> ​​​​​ </td></tr><tr><td valign="top" style="width:100%;"> <span class="blackhighlight"> <strong>Interest Rate for Special and Medisave Accounts</strong></span></td></tr><tr><td valign="top" style="width:100%;"><p> <br>​​​​​​​​​​​The SMA interest rate will be maintained at 4% per annum from 1 July 2015 to 30 September 2015, as the computed rate of 3.27% is lower than the current floor interest rate.​​</p><p>Please refer to <a href="#AnnexB">Annex B</a> or the detailed computation of the SMA interest rate.​​</p></td></tr><tr><td valign="top" style="width:100%;"> <span class="blackhighlight"><span class="blackhighlight"><strong>Interest Rate for Retirement Account</strong><br>​​<br></span></span></td></tr><tr><td valign="top" style="width:100%;"><p>The RA interest ​​rate will be maintained at 4% per annum from 1 January 2015 to 31 December 2015, as announced on 25 November 2014.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate.<br></p></td></tr><tr><td valign="top" style="width:100%;"><p> </p><div> <span style="font-size:0.9em;">*<em>This includes the additional 1% interest paid on the first $60,000 of a member’s combined balances, of which up to $20,000 comes from the Ordinary Account (OA). The additional interest earned on OA monies will go to the member’s Special Account or Retirement Account, to enhance their retirement adequacy. 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.</em> </span></div><div> </div></td></tr><tr><td valign="top" style="width:100%;"><table width="100%" border="0"><tbody><tr><td valign="top"><p> <span class="blackhighlight"> <strong>Public Enquiries</strong><br></span></p></td></tr><tr><td valign="top"><p>CPF members can visit <a href="http://www.cpf.gov.sg/">www.cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries.</p></td></tr></tbody></table><p> </p><div align="right"> <a name="AnnexA"></a><span class="blackhighlight"><a name="AnnexA"></a><strong>Annex A<br></strong></span></div><div align="right"> <span class="blackhighlight"><strong>​​<br></strong></span></div><p> <span class="blackhighlight"> <strong>COMPUTATION OF CPF OA INTEREST RATE AND HDB MORTGAGE FOR 1 JULY 2015 TO 30 SEPTEMBER 2015</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p></td></tr></tbody></table><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from February 2015 to April 2015<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.21% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for July 2015 to September 2015</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for July 2015 to September 2015</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from February 2015 to April 2015<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.21% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for July 2015 to September 2015</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong><br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for July 2015 to September 2015</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p>​ <table width="100%" border="0"><tbody><tr></tr></tbody></table><div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>28 Feb 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2100</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>31 Mar 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2100</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​30 Apr 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2100</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>28 Feb 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​30 Apr 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>28 Feb 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">30 Apr 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>28 Feb 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2100</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Mar 2015</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2100</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">30 Apr 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2100</span></td></tr></tbody></table></div><table width="100%" border="0"><tbody><tr></tr></tbody></table> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account)<font size="2"> <br>(5) Balances ≤ $100,000 (EASI-SAVE Account)</font><br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"></td></tr></tbody></table><div align="right"> <a name="AnnexB"></a><span class="blackhighlight"><a name="AnnexB"></a><br><strong>Annex B</strong></span></div>   <table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr bgcolor="#dddddd"><td colspan="2"> <span class="blackhighlight"> <strong>COMPUTATION OF CPF SMA INTEREST RATE FOR 1 JULY 2015 TO 30 SEPTEMBER 2015</strong></span></td></tr><tr><td colspan="2"><p> <br>The interest rate on SMA monies is adjusted quarterly. SMA monies earn either the current floor interest rate of 4% per annum or the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from May 2014 to April 2015<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.27% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for July 2015 to September 2015<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.27%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for July 2015 to September 2015</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from May 2014 to April 2015<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.27% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for July 2015 to September 2015<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.27%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for July 2015 to September 2015</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td valign="top"> </td></tr><tr><td> </td></tr><tr><td valign="top"> </td><td valign="top"><p align="center"> <span class="blackhighlight"> <strong>10-Year SGS Yield from May 2014 to April 2015</strong></span> </p><p align="center">​ <img alt="10-Year SGS Yield from May 2014 to April 2015" src="/Assets/common/PublishingImages/10YRSGS_13May15.jpg" style="width:75%;height:auto;" /></p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td valign="top"> </td><td valign="top"><div align="right"> <a name="AnnexC"></a><span class="blackhighlight"><a name="AnnexC"></a><strong>Annex C</strong></span></div></td></tr><tr><td valign="top"> </td><td valign="top"> </td></tr><tr><td valign="top"> </td><td valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <span class="blackhighlight"> <strong>COMPUTATION OF CPF RA INTEREST RATE FOR 1 JANUARY 2015 TO 31 DECEMBER 2015</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2015 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher.</td><td valign="top"> </td></tr></tbody></table><p>The average yield of the 10YSGS plus 1% from November 2013 to October 2014 is 3.40% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2015 will pay a fixed coupon of 4%. <br><br> The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance. </p></td></tr></tbody></table> <br>CPF interest rates from 1 July 2015 to 30 September 201512/5/2015 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2284
Over $378 million in CPF arrears recovered by the CPF Board in 20142281/News/news-categories-info/news-releases<p>The CPF Board (CPFB) has recovered about $378.2 million in CPF arrears, benefitting over 288,000 employees, from cases closed in 2014. The CPF arrears recovered were from underpayment, non-payment and late payment of CPF contributions by employers.<br></p><p>Of the $378.2 million, $14.0 million were for cases of underpayment or non-payment which the CPFB had recovered from close to 2,000 employers in industries such as security, cleaning and food & beverage. This benefitted more than 9,300 employees. </p><p>The remaining $364.2 million recovered came from an average of 4,300 employers who were late in making CPF contributions each month in 2014. The timely detection and follow-up enforcement actions assisted more than 279,000 workers. </p><p> <em>Table 1: Breakdown of CPF Arrears Recovered in 2014<br></em></p> <table class="cpf-table cpf-form-table " style="width:100%;text-align:left;"><thead><tr><th width="25%"> <br> </th><th width="25%"> <strong>CPF contributions recovered</strong> </th><th width="25%" colspan="1"> <strong>No. of employees who benefitted</strong>​</th><th width="25%" colspan="1">​<strong>No. of employers from which CPF was recovered</strong></th></tr><tr><th> <strong>Underpay​m​​ent/ Non-payment*</strong>​</th><td>$14.0 million</td><td colspan="1">​More than 9,300</td><td colspan="1">​1,995</td></tr><tr><th> <strong>Late payment</strong><strong><sup>#</sup></strong></th><td>$364.2 million</td><td colspan="1">​More than 279,000</td><td colspan="1">​4,300 per month</td></tr></thead></table> <span style="font-size:0.9em;">​​​​​</span><span style="line-height:1.6;font-size:0.9em;">* Underpayment of CPF contributions refers to cases where employers make less CPF contributions for their employees than required. Non-payment refers to cases where employers omit paying CPF contributions for employees.</span><span style="font-size:0.9em;"> </span> <p> <span style="font-size:0.9em;"> <sup>#</sup> CPF contributions are due at the end of every month. Employers are given a grace period of up to the 14<sup>th</sup> of the next month (if the 14<sup>th</sup> falls on a Saturday, Sunday or Public Holiday, then the grace period will be up to the next working day) to make CPF contributions for their employees. Payments made after the grace period are considered late.</span></p><p>Mr Ng Hock Keong, CPFB Group Director of Employer Collections and Enforcement said, "Since the launch of the WorkRight campaign three years ago to raise awareness of workers' CPF rights, we are starting to see the fruits of our labour. There was a close to 50% reduction in the number of non-compliant employers who did not pay or underpaid their employees' CPF contributions from cases closed in 2014. Both employers and employees must recognise the importance of having CPF contributions as it helps employees meet their retirement, housing and healthcare needs." </p><p>One of the largest sums of CPF arrears recovered in 2014 arose from 11 complainants who were employees of a beauty services company. They had approached CPFB between 2012 and 2013 to report that their employer had underpaid on their monthly CPF contributions. Upon investigation, the Board detected underpayment of CPF contributions on commission, and the employer had also deducted the employer's share of CPF contributions on basic salary from its employees' commission. The recovery actions benefitted close to 100 employees in the company and over $770,000 in CPF arrears were recovered. In addition, the employer refunded over $50,000 to the employees for deducting the employer's share of CPF on basic salary from their commission. </p><p>Employers should take note that CPF is payable on commissions, and may be classified as Additional Wages or Ordinary Wages, depending on when the commissions are paid out to employees. More information can be found at <a href="http://www.cpf.gov.sg/" target="_blank">www.cpf.gov.sg</a>.   ​<br><br></p><h3> <strong>Convictions of Non-Compliance with CPF Act in 2014</strong></h3><p>From 1 January 2014, the general penalties for non-compliance with the CPF Act were raised. First-time offenders may be fined up to $5,000 and/or imprisoned for up to 6 months. Subsequent offenders may face fines of up to $10,000 and/or imprisonment of up to 12 months.</p><p>There were 46 convictions for non-payment and underpayment of CPF, and 223 convictions for late payment last year. All convicted employers were fined and ordered to pay the CPF arrears by the State Court. </p><p>Employers are reminded of their CPF obligations to their local employees. Workers should also check their CPF accounts via the CPF website regularly to ensure that their employers have made the correct CPF contributions. To report non-payment or underpayment of CPF contributions, or non-compliance with the Employment Act, members of the public can call 1800-221-9922 or email <a href="mailto:workright@mom.gov.sg" target="_blank">workright@mom.gov.sg</a>. All information provided will be kept strictly confidential.​<br><br></p><h3> <strong>Public Enquiries</strong></h3><p>For more information, please visit <a href="http://www.cpf.gov.sg/">www.cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188. ​</p>Over $378 million in CPF arrears recovered by the CPF Board in 201427/4/2015 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2281
CPF interest rates from 1 April 2015 to 30 June 20152244/News/news-categories-info/news-releases<table width="100%" border="0" cellspacing="0" cellpadding="0"><tbody><tr><td></td><td align="left" valign="top" colspan="2"><p> <span> </span></p></td></tr><tr><td valign="top"> <br></td><td valign="top" style="width:100%;"><p> <strong>• Up to 3.5% per annum* on the Ordinary Account <br>• Up to 5% per annum*on the Special and Medisave Accounts<br><br></strong></p></td></tr><tr><td valign="top"> <br></td><td valign="top" style="width:100%;"><p> <strong>HDB MORTGAGE RATE FROM 1 APRIL 2015 TO 30 JUNE 2015<br>• Remains unchanged at 2.6% per annum </strong></p></td></tr><tr><td> </td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;"><p>Central Provident Fund (CPF) members will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and Medisave Accounts (SMA) monies in the second quarter of 2015. </p><p>The above interest rates include an additional 1% interest paid on the first $60,000 of a member’s combined balances (with up to $20,000 from the OA) which is part of the Government’s efforts to enhance the retirement savings of CPF members.</p></td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;"></td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;"> <span class="blackhighlight"> <strong>Interest Rate for Ordinary Account and HDB Mortgage Rate</strong></span></td></tr><tr><td> </td></tr><tr><td valign="top"></td><td valign="top" style="width:100%;"></td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;">The OA interest rate will be maintained at 2.5% per annum from 1 April 2015 to 30 June 2015, as the computed rate of 0.21% is lower than the legislated minimum interest rate. <br> <br>Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 April 2015 to 30 June 2015.</td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;"></td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;"><p>Please refer to <a href="#AnnexA">Annex A</a> for the detailed computation of the OA interest rate and HDB mortgage rate.</p></td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;"></td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;"><p> <span class="blackhighlight"> <strong>Interest Rate for Special and Medisave Accounts </strong></span> <strong></strong> <span class="blackhighlight"> <br></span></p><p>The SMA interest rate will be maintained at 4% per annum from 1 April 2015 to 30 June 2015, as the computed rate of 3.33% is lower than the current floor interest rate. </p><p>Please refer to <a href="#AnnexB">Annex B</a> for the detailed computation of the SMA interest rate.</p></td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;"> <span class="blackhighlight"><br><span class="blackhighlight"><strong>Interest Rate for Retirement Account</strong></span></span></td></tr><tr><td> </td></tr><tr><td valign="top"></td><td valign="top" style="width:100%;"></td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;"><p>The RA interest rate will be maintained at 4% per annum from 1 January 2015 to 31 December 2015, as announced on 25 November 2014.</p><p>Please refer to <a href="#AnnexC">Annex C</a> for the detailed computation of the RA interest rate.</p></td></tr><tr><td valign="top"></td><td valign="top" style="width:100%;"><div> <span style="font-size:0.9em;">*<em>This includes the additional 1% interest paid on the first $60,000 of a member’s combined balances, of which up to $20,000 comes from the Ordinary Account (OA). The additional interest earned on OA monies will go to the member’s Special Account or Retirement Account, to enhance their retirement adequacy. 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.</em> </span></div><div> </div></td></tr><tr><td valign="top"></td><td valign="top" style="width:100%;"><table width="100%" border="0"><tbody><tr><td valign="top"><p> <span class="blackhighlight"> <strong>Public Enquiries</strong></span></p></td></tr><tr><td valign="top"><p> CPF members can visit <a href="http://www.cpf.gov.sg/">www.cpf.gov.sg</a> or call the CPF Call Centre at 1800-227-1188 for enquiries.</p><p>  </p></td></tr></tbody></table><div align="right"> <a name="AnnexA"></a><span class="blackhighlight"><a name="AnnexA"></a><strong>Annex A</strong></span></div><div align="right"> <span class="blackhighlight"> <strong></strong></span> </div><p> <strong></strong> <span class="blackhighlight"> <strong>COMPUTATION OF CPF OA INTEREST RATE AND HDB MORTGAGE FOR 1 APRIL 2015 TO 30 JUNE 2015</strong></span><br><br>The interest rate on OA monies is adjusted quarterly. OA monies earn either the legislated minimum interest of 2.5% per annum, or the 3-month average of major local banks’ interest rates, whichever is higher.</p><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from November 2014 to January 2015<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.21% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for April 2015 to June 2015</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:65%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for April 2015 to June 2015</td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">Average banks' interest rate from November 2014 to January 2015<br><br></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;">0.21% (see note)</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">CPF OA interest rate for April 2015 to June 2015</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <strong>2.50% per annum </strong> <br>(legislated minimum rate)<br><br></td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <em>Plus</em><em>:</em> Fee to cover Cost of Loan Administration<br><br></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;">0.10%</td></tr><tr><td valign="top" style="padding:5px;width:50%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> HDB mortgage rate for April 2015 to June 2015</td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <strong>2.60% per annum</strong></td></tr></tbody></table></div></td></tr><tr><td valign="top"><p> </p><p> </p></td><td valign="top" style="width:11%;"> <br> <table width="100%" border="0"><tbody><tr></tr></tbody></table><p align="center" style="text-align:left;"> <span class="blackhighlight"><strong>Note:</strong></span></p>​ <table width="100%" border="0"><tbody><tr></tr></tbody></table><div class="hidden-xs"><table width="100%" class="ms-rteTable-default" cellspacing="0"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:15%;"></td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:30%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableEvenCol-default" colspan="3" style="width:30%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td><td align="center" class="ms-rteTableOddCol-default" style="width:25%;"> <b class="fontbold">​AVERAGE<br>(% per annum)</b></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:15%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:10%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;">​<strong>DBS<sup>4</sup></strong></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>OCBC<sup>5​</sup></strong></td><td class="ms-rteTableEvenCol-default" colspan="1" style="width:10%;padding-top:18px;"> <strong>​UOB<sup>6</sup></strong></td><td class="ms-rteTableOddCol-default" style="width:25%;"> <strong>Using the 80FD:20SD formula</strong>​</td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;">​<strong>30 Nov 2014</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;"> <span id="ms-rterangepaste-start" aria-hidden="true">0.0500</span></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;text-align:center;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;text-align:center;">​0.2100</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:15%;"> <strong>31 Dec 2014</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:10%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" style="width:25%;">​0.2100</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:15%;"> <strong style="color:#444444;">​31 Jan 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:10%;"> <span style="color:#444444;">​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" style="width:25%;"> <span style="color:#444444;">​0.2100</span></td></tr></tbody></table></div><div class="visible-xs"><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>12-MONTH DEPOSIT RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>1</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​2</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>3</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Nov 2014</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​0.2500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2014</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.2500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">​31 Jan 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​0.2500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>SAVINGS RATE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;"> <strong>​DBS</strong><sup><strong>4</strong></sup></td><td class="ms-rteTableEvenCol-default" valign="middle" colspan="1" style="width:20%;padding-top:18px;">​<strong>OCBC</strong><sup><strong>​5</strong></sup></td><td class="ms-rteTableOddCol-default" colspan="1" style="width:20%;padding-top:18px;">​<strong>UOB</strong><sup><strong>6</strong></sup></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;">​<strong>30 Nov 2014</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;text-align:center;">​​0.0500</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2014</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​​0.0500</td><td class="ms-rteTableEvenCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="1" style="width:20%;">​0.0500</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">31 Jan 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterEvenCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="1" style="width:20%;"> <span style="color:#444444;">​​0.0500</span></td></tr></tbody></table><p> </p><table class="ms-rteTable-default" cellspacing="0" style="width:100%;"><tbody><tr class="ms-rteTableEvenRow-default"><td align="center" class="ms-rteTableEvenCol-default" style="width:20%;"> </td><td align="center" class="ms-rteTableOddCol-default" colspan="3" style="width:60%;"> <strong>AVERAGE</strong><br><strong>(% per annum)​</strong></td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" bgcolor="#d2d2d2" style="text-align:center;"><td class="ms-rteTableEvenCol-default" style="width:20%;"><div> <strong>MONTH/</strong></div><div> <strong>YEAR</strong></div></td><td class="ms-rteTableOddCol-default" colspan="3" style="width:60%;padding-top:15px;"> <strong>​</strong><strong>Using the 80FD:20SD formula​</strong></td></tr><tr align="left" class="ms-rteTableEvenRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>30 Nov 2014</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​0.2100</td></tr><tr align="left" class="ms-rteTableOddRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableEvenCol-default" rowspan="1" style="width:20%;"> <strong>31 Dec 2014</strong></td><td class="ms-rteTableOddCol-default" rowspan="1" colspan="3" style="width:60%;">​​0.2100</td></tr><tr align="left" class="ms-rteTableFooterRow-default" valign="top" style="text-align:center;"><td class="ms-rteTableFooterEvenCol-default" rowspan="1" style="width:20%;"> <strong style="color:#444444;">31 Jan 2015</strong></td><td class="ms-rteTableFooterOddCol-default" rowspan="1" colspan="3" style="width:60%;"> <span style="color:#444444;">​​0.2100</span></td></tr></tbody></table></div> <br>(1) Balances of $20,000 to < $50,000<br>(2) Balances > $20,000 to $50,000 <br>(3) Balances < $50,000 <br>(4) Balances > $10,000 to $100,000 (AUTO-SAVE Account) <br>(5) Balances ≤ $100,000 (EASI-SAVE Account)<br>(6) Balances > $15,000 to $100,000 (UNIPLUS Account) <table width="100%" border="0"><tbody><tr></tr><tr><td colspan="4"> <br> </td></tr></tbody></table></td></tr><tr><td> </td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;"><div align="right"> <a name="AnnexB"></a><span class="blackhighlight"><a name="AnnexB"></a><br><strong>Annex B</strong></span></div></td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;"> </td></tr><tr><td valign="top"> </td><td valign="top" style="width:100%;"><div class="hidden-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:65%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from February 2014 to January 2015<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.33% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for April 2015 to June 2015<br><br></span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.33%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for April 2015 to June 2015</span></td><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div><p> </p><div class="visible-xs"><table cellspacing="0" style="width:100%;"><tbody><tr><td valign="top" style="padding:5px;width:50%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Average yield of 10YSGS from February 2014 to January 2015<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-top-color:currentcolor;border-right-color:currentcolor;border-left-color:currentcolor;border-top-width:1px;border-right-width:1px;border-left-width:1px;border-top-style:solid;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">2.33% (see note)</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <span aria-hidden="true"></span> <em>Plus</em><em>:</em> 1.00%<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;"> 1.00%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">Computed CPF SMA interest rate for April 2015 to June 2015<br><br></span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-left-width:1px;border-right-style:solid;border-left-style:solid;"> <span style="color:#000000;">3.33%</span></td></tr><tr><td valign="top" style="padding:5px;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;">CPF SMA interest rate for April 2015 to June 2015</span></td><td valign="top" style="padding:5px;width:30%;border-right-color:currentcolor;border-bottom-color:currentcolor;border-left-color:currentcolor;border-right-width:1px;border-bottom-width:1px;border-left-width:1px;border-right-style:solid;border-bottom-style:solid;border-left-style:solid;"> <span style="color:#000000;"> <strong>4.00% per annum</strong><br>(current floor rate)</span></td></tr></tbody></table></div></td></tr><tr><td valign="top"> </td></tr><tr><td> </td></tr><tr><td valign="top"> </td><td valign="top"><p align="center"> <span class="blackhighlight"> <strong>10-Year SGS Yield from February 2014 to January 2015</strong></span><strong> </strong></p><p align="center"> <img alt="10-Year SGS Yield from February 2014 to January 2015" src="/Assets/common/PublishingImages/10YRSGS_17Feb15.jpg" border="0" style="width:87%;height:auto;" /> </p></td></tr><tr><td>  </td><td><p align="left">Source: Yields of 10-Year Singapore Government Securities are obtained from <a href="http://www.sgs.gov.sg/" target="_blank">www.sgs.gov.sg</a></p></td></tr><tr><td> </td></tr><tr></tr><tr><td valign="top"> </td><td valign="top"><div align="right"> <a name="AnnexC"></a><span class="blackhighlight"><a name="AnnexC"></a><strong>Annex C</strong></span></div></td></tr><tr><td valign="top"> </td><td valign="top"> </td></tr><tr><td valign="top"> </td><td valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tbody><tr><td colspan="2"><p> <strong></strong> <span class="blackhighlight"> <strong>COMPUTATION OF CPF RA INTEREST RATE FOR 1 JANUARY 2015 TO 31 DECEMBER 2015</strong></span></p></td></tr><tr><td colspan="2">RA monies credited in 2015 will be invested in newly-issued Special Singapore Government Securities (SSGS) which will earn a fixed coupon rate equal to either the 12-month average yield of the 10YSGS plus 1% computed for the year, or the current floor rate of 4% per annum, whichever is higher.</td><td valign="top"> </td></tr></tbody></table><p>The average yield of the 10YSGS plus 1% from November 2013 to October 2014 is 3.40% per annum. As this is below the current floor rate of 4% per annum, new SSGS issued in the year of 2015 will pay a fixed coupon of 4%. <br> <br>The interest rate earned by RA monies is the weighted average interest rate of the entire portfolio of these SSGS, which is adjusted in January each year to take into account the coupon rates payable by the new SSGS issuance. </p></td></tr></tbody></table>CPF interest rates from 1 April 2015 to 30 June 201516/2/2015 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2244
CPF savings cannot be used to purchase securities on SGX watch-list with effect from 1 March 20162253/News/news-categories-info/news-releases<p>​Companies under Singapore Exchange's (SGX) existing rules are subject to delisting if they fail to exit the SGX watch-list. Therefore, CPF savings under the CPF Investment Scheme (CPFIS) will not be allowed to purchase securities on the SGX watch-list. This will take effect from 1 March 2016.</p><p>This restriction serves to safeguard members' CPF savings as securities placed on the SGX-watch list could potentially be delisted. </p><p>CPF members who have invested in securities prior to their being placed on the SGX watch-list can choose to hold or sell them or participate in corporate actions, subject to the prevailing CPFIS rules and limits for these securities. </p><p>The Board would like to remind members who wish to invest their CPF savings, to exercise prudence and consider the total costs of investment, their investment objective, risk appetite and investment horizon. Those who leave their CPF savings with the Board currently earn guaranteed interest rates of up to 3.5% and 5% per annum in their Ordinary and Special Accounts respectively<sup>1</sup>.</p><p>For more details, please click <a href="/Assets/members/Documents/FAQs_PR10Feb15.pdf" target="_blank">here</a> (PDF, 0.3MB).</p> <p> <sup>1</sup>This includes the additional 1% interest paid on the first $60,000 of a member's combined balances, of which up to $20,000 comes from the Ordinary Account.</p><p> <strong>Public Enquiries</strong></p><p>For more information, please visit www.cpf.gov.sg or call the CPF Call Centre at 1800-227-1188. ​</p>CPF savings cannot be used to purchase securities on SGX watch-list with effect from 1 March 20169/2/2015 4:00:00 PMhttps://null/common/Lists/News/DispForm.aspx?ID=2253

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