Current CPF interest rates higher than market rate pegs: Tan See Leng - CNA

SINGAPORE: Central Provident Fund (CPF) interest rates are pegged to returns on investments of comparable risk and duration in the market, but the Government has maintained higher floor rates and continued to pay generous interest rates despite the low intere…

The SMRA interest rates, meanwhile, are pegged to the 12-month average yield of 10-year Singapore Government Securities plus 1 per cent. The peg was 2.72 per cent as of May, and is around 3 per cent … [+1936 chars]

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