Declaration of Interest Payable on Contributions

Status:

Not current version
(version history — see timeline)

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

REVISED EDITION 2000

(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]

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