Updated: 02/19/2014 19:23

2.5% interest rate for CPF Ordinary Accounts to continue



2.5% interest rate for CPF Ordinary Accounts to continue

Central Provident Fund members will continue to enjoy a 2.5 per cent interest rate on their Ordinary Account or OA savings from April to June this year. 

An extra 1 per cent will also continue to be paid on the first 60 thousand dollars of a member's combined balances, with up to $20,000 from the OA. 

The extra interest from the OA will either go to the Special or Retirement Account to enhance retirement savings. 

For HDB mortgage loans, the concessionary interest rate will remain unchanged at 2.6 per cent a year.

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