The interest rate for CPF Ordinary Account is computed quarterly based on 80% of 12-month fixed deposit rate and 20% saving rate (for amount less than S$50,000) published by DBS, OCBS and UOB, subject to a guranteed minimum of 2.50%.
From 1 January 2008, savings in the Special, Medisave and Retirement Account is pegged to the 12-month average yield of the 10-year Singapore Government Securities plus 1%.
You can find a list of the historical rates here.
Source:
CPF Board - www.cpf.gov.sg
2 comments:
sfd
Great historical overview of CPF Ordinary Account (OA) interest rates — it’s really useful to see how CPF returns have evolved over time and how they’re tied to financial benchmarks like bank deposit rates, including DBS figures. It reminds us why CPF OA has remained a solid foundation for many Singaporeans’ retirement and housing plans. On a related note, for those considering housing finance today, current DBS home loan interest rates for new packages are around 1.85%–1.90% for fixed-rate terms (e.g., 2–3 year fixed, reverting to SORA/FHR thereafter), depending on the product chosen and market conditions.
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