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Should CPF rate go up, as interest rates rise? Here’s how the CPF rate is calculated
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The CPF OA rate has stayed at the legislated minimum rate of 2.5 per cent since July 1999.
PHOTO: ST FILE
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SINGAPORE – Singapore banks have been going all out to woo depositors by raising promotional rates for fixed deposits (FDs) and interest rates for savings accounts such as the DBS Multiplier, OCBC 360 and UOB One.
As savings and deposit rates rise,
