CPF “How % determined” website: OCBC fixed deposit 0.1% – yahoonews 2.6%?
According to the CPF website – “Average banks’ interest rate from August 2022 to October 2022 0.21% (see note)
CPF OA interest rate for January 2023 to March 2023 2.50% per annum (legislated minimum rate)”
You can see in the screenshot that the “12-month deposit rate (% per annum) 31 Oct 2022” is DBS 0.0500 OCBC 0.1000 UOB 1.5000
In this connection, according to the yahoonews article dated 4 Oct 2022 – the fixed deposit rates were DBS 1.7% (18 months) OCBC 2.6% (12 months) UOB 3.0% (15 months)?
https://sg.news.yahoo.com/7-best-fixed-deposit-rates-025123526.html
As the yahoonews article was dated 4 Oct 2022 – the rates at 31 Oct may possibly be even higher?