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CPF Interest Rates and HDB Mortgage Rate from 1 July 2019 to 30 September 2019 <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 TrueTrue

 

 

CPF Interest Rates and HDB Mortgage Rate from 1 July 2019 to 30 September 2019 <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=2710Central Provident Fund Board and Housing & Development Board

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