Is there a minimum interest rate for CPF Investment Scheme Fixed Deposit (FD) that FD Banks must offer?
With effect from 1 May 2007, Fixed Deposit (FD) Banks must offer a minimum effective interest rate that is at least the prevailing CPF interest rate for new placements or roll over of any CPF Investment Scheme FDs. In this way, members will not be worse off than leaving their monies in the CPF Accounts.
This information is sourced from CPF
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