From July 1 to Sept 30, CPF members below 55 years old will earn up to 5% interest – an extra 1% interest – per annum on the first $60,000 of their SMA from July 1 to Sept 30 this year. They will continue to earn up to 3.5% interest per annum on their Ordinary Account (OA).
SINGAPORE (May 22): The Central Provident Fund (CPF) Board will be maintaining its 4% interest rate per annum for Special and MediSave accounts (SMA) from July to September this year.
The announcement, which was made on Friday, also included an increase in interest rates for CPF members.
