cpf historical rates

[reddevil0728]

Please see:
https://www.cpf.gov.sg/member/faq/g...t-rates/how-are-cpf-interest-rates-determinedLast review, the average rate was 0.09%, now these 3 local bank's deposit board rates remain unchanged. Although there are short term promotion rates being given. CPF Board is still taking the Board Rates for the review.
Conclusion: TKK........

uhuh. but that's not saying anything about it would 100% not happen

 

[di_andrei]

Resurrecting this thread with a prediction that CPF SA(RA/MA) rates will go up at the end of the April quarter, probably not by some major amount, but to something in the 4.04% range.

 

[havetheveryfun]

Resurrecting this thread with a prediction that CPF SA(RA/MA) rates will go up at the end of the April quarter, probably not by some major amount, but to something in the 4.04% range.

what rationale behind it ?

only scb seems to have increased their board rates recently but it only takes effect from 28 april.

 

[reddevil0728]

what rationale behind it ?

only scb seems to have increased their board rates recently but it only takes effect from 28 april.

CPF SA not based on board rates...

 

[lzydata]

Resurrecting this thread with a prediction that CPF SA(RA/MA) rates will go up at the end of the April quarter, probably not by some major amount, but to something in the 4.04% range.

I second this because just taking the simple average of the benchmark SGS 10 years yield from 31 March 2022 to 31 March 2023, we get the result of 2.988% pa. If we take 1 April 2022 to 31 March 2023, average is 2.9906% pa.

And the formula is +1% so that makes 3.99% if not 4% pa exactly. It's just a matter of what exact period they consider. So we are getting to some increase even if minor.