WebTheir current floor rate of 4% has been recently renewed for one more year, for 1 January 2024 to 31 December 2024. Source: CPF Since 2008, the benchmark interest rates have been below the floor rate, but recently edged closer to 4%. WebDec 1, 2024 · The yearly floor rate of 2.5 per cent interest earned on the Ordinary Account will be maintained in the first quarter of 2024, as will the 4 per cent floor rate for the Special and MediSave accounts.
CPF Contributions in 2024 – Everything You Need to Know
WebApr 11, 2024 · The interest rate of the Sukanya Samriddhi Account Scheme has been increased from 7.6 per cent to 8 per cent for the June quarter of 2024. The interest rate on a one-year post office deposit has been raised from 6.6 per cent to 6.8 per cent while the interest rate of a two-year time deposit has been increased from 6.8 per cent to 6.9 … WebApr 8, 2024 · My personal view of course, is that we don’t see interest rate cuts in 2024. But investing is about risk-reward. If the 6 month T-Bills trade at 3.80%, and the 12 month T … first light home health
GPF Latest Interest Rates Bad News For central govt employees no ...
WebMay 7, 2024 · These rates include bonus interest which is earned on the first SGD60,000 held in your CPF fund, of which up to SGD20,000 can come from the ordinary account. There is also a potential bonus interest rate available on the first SGD30,000 of combined balances for people aged over 55, meaning the highest rates available from this age … WebFeb 24, 2024 · Updated. Feb 24, 2024, 6:36 PM SGT. SINGAPORE - The interest rates for various Central Provident Fund (CPF) accounts will remain unchanged in the second quarter of 2024, despite the rise in bank ... WebMar 16, 2024 · Note: As announced in Singapore Budget 2024, the CPF monthly salary ceiling will be increased in stages from S$6,000 to S$8,000 by 2026. From September 2024, the CPF monthly salary ceiling will be raised by S$300 to S$6,300.; It will go up to S$6,800 from January 2024; S$7,400 from January 2025; S$8,000 from January 2026; The … firstlight hours