Do you know CPF interest rate is reviewed quarterly?
For the quarter from July 2013 to September 2013, rates remained unchanged at 2.50% per annum for Ordinary Account (OA).
Also, for the first $60,000 of a member’s combined balances (up to $20,000 from OA and $40,000 from SA) 1% extra interest will be paid. This extra interest paid will either go to the Special Account (SA) or Retirement Account (RA) for members above 55 years old.
For HDB mortgage loans which is pegged at 0.1% higher than CPF interest rate for OA, will therefore also remain at 2.6%.
