29 Jun '11, 3am

CPF keeps 4% Special and Medisave Account interest rate

SINGAPORE: CPF members will continue to enjoy a risk-free interest rate of four per cent on their Special and Medisave Accounts (SMA) from July to September. This is in line with the Government's announcement made in September last year to maintain the four per cent floor rate for interest earned on all SMA monies and Retirement Account (RA) monies until December 31 this year. Savings in the SMA currently earn either four per cent or the 12-month average yield of 10-year government bonds plus one per cent, whichever is the higher. An additional one per cent interest will continue to be paid on the first S$60,000 of a member's combined balances, with up to S$20,000 from the Ordinary Account (OA). The additional interest received on the OA will go into the member's SA or RA to enhance his retirement savings. If the member is above 55 years old and participates in the LIFE sc...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

Tweets

#mbbnews Maybank's Syariah-compliant savings ac...

channelnewsasia.com 29 Jun '11, 1pm

SINGAPORE : Maybank Singapore has launched Singapore's first Syariah-compliant savings account for pilgrims going on the H...

Read this before you invest CPF

todayonline.com 18 Jun '11, 2pm

Your total monthly contribution to the Central Provident Fund (CPF) goes into three accounts: Ordinary Account (CPF OA), S...

Climate-Controlled Clothing Keeps You at the Perfect Temperature

Climate-Controlled Clothing Keeps You at the Pe...

ecouterre.com 28 Jun '11, 4pm

Swelter no more in the summer heat only to shiver once you enter a store blasting its AC. The new ClimaWare line of clothi...

Should you touch your CPF money?: There are som...

todayonline.com 17 Jun '11, 9pm

Your total monthly contribution to the Central Provident Fund (CPF) goes into three accounts: Ordinary Account (CPF OA), S...

Medisave use for mammograms & colonoscopies

Medisave use for mammograms & colonoscopies

channelnewsasia.com 30 Jun '11, 11am

SINGAPORE : With effect from July 1, patients can use their Medisave for screening mammograms and colonoscopies. The Minis...