No. S 237
Central Provident Fund Act
Declaration of Interest
Payable on Contributions
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]
[MM 48/55 Vol. 5; AG/LEG/SL/36/97/6 Vol. 1]