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 456/2001

(31st January 2003)
[1st October 2001]
The Central Provident Fund Board, with the approval of the Minister for Finance, has declared that, with effect from 1st October 2001 —
(a)the rate of interest payable on contributions to the Central Provident Fund shall be —
(i)2.5% per annum for savings in the Ordinary Account; and
(ii)4% per annum for savings in the Medisave, Special and Retirement Accounts; and
(b)the interest shall be credited to members’ accounts on the last day of the year.
[G.N. No. S 456/2001]