How is accrued interest calculated?
The actual amount of accrued interest paid out on each redemption date is calculated according to this formula:
AI = (CPN/2) x (DC/PC) X H
Where:
CPN = Annual interest rate (as a percentage) and not more than 2 decimal places
DC = Actual day count from the most recent interest payment up to, but not including, the date that the accrued interest will be paid out
PC = Total number of days from the most recent interest payment to, but not including , the next interest payment
H = Redemption amount
This information is sourced from MAS
Related questions
What is accrued interest? How is the accrued interest calculated if I redeem my Savings Bond before it matures?
When is interest paid? When will I receive the interest payments?
How does the Board calculate the accrued interest on the amount of CPF used for my property?
Is there any accrued interest on the amount of CPF savings used for my property?
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