Central Provident Fund Act
(Chapter 36, Sections 6(4) and 12(2)(b))
Declaration of Interest Payable
on Contributions
N 7
G.N. No. S 237/1999

(31st January 2000)
[1st July 1999]
The Central Provident Fund Board, with the approval of the Minister for Finance, has declared that, with effect from 1st July 1999 —
(a)the rate of interest payable on contributions to the Central Provident Fund shall be —
(i)2.50% per annum for savings in the Ordinary and Medisave Accounts; and
(ii)4.00% per annum for savings in the Special and Retirements Accounts; and
(b)the interest shall be credited to members’ accounts on the last day of the year.
[G.N. No. S 237/99]