By Melissa Pang

INTEREST rates for CPF savings in the Special, Medisave, and Retirement Accounts (SMRA) will be maintained at 4 per cent floor rate until the end of the year, said the Central Provident Fund Board on Wednesday.

Since Jan 1, 2008, the interest rate for savings in the SMRA has been pegged to the 12-month average yield of the 10-year Singapore Government Security (10SYGS), plus one per cent.

The average yield of the 10SYGS over the period from June 2, 2008 to May 29 this year, plus 1 per cent, worked out to be 3.61 per cent.

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