4% interest rate floor for Special, MediSave, Retirement accounts extended till end-2026
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The Singapore Government has extended the 4% interest rate floor for Special, MediSave, and Retirement Accounts until the end of 2026. This extension aims to provide CPF members with certainty regarding their savings returns amid a declining interest rate environment. The interest rates for these accounts will remain unchanged, with the Ordinary Account rate at 2.5% per annum and the concessionary rate for HDB housing loans at 2.6% per annum, effective from October 1 to December 31.
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