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CPF Interest Rates from 1 January 2020 to 31 March 2020 and Basic Healthcare Sum for 2020<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 2020TrueTrue

 

 

CPF Interest Rates from 1 January 2020 to 31 March 2020 and Basic Healthcare Sum for 2020<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=2817Central Provident Fund Board and Housing & Development Board

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