SINGAPORE – The interest rate for the Special, MediSave and Retirement accounts of Central Provident Fund members for the period between April 1 and June 30 has been set at 4.05 per cent a year.The CPF Board and Housing Board said in a joint statement on March 12 that the interest rate of the three accounts, which is pegged to the 12-month average of 10-year Singapore Government Securities plus 1 per cent, exceeded the floor rate of 4 per cent.
The interest rate for Ordinary Account savings remains unchanged at 2.5 per cent for the second quarter of 2024. The concessionary interest rate for HDB housing loans, which is pegged at 0.1 per cent above the OA interest rate, will remain unchanged at 2.6 per cent a year from April 1 to June 30.
Source: Loan Digest (loandigest.net)
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