One important way a member's account is made to grow over time is through interest credits that is declared and added to the member's account annually. On 30th June each year, the FNPF Board declares an interest rate that is based on the performance of its investment activities. When an account is allowed to compound, interest credits is a big factor in the growth of a member's account. The sample account I (click below) is provided to show the value of an account with a balance of $10,000 that grows with the various annualized rates of return for a period of 16 years. This example does not include FNPF contributions that may be added during the course of that period. The sample account II (click below) shows a member who began employment at the age of 21 at different certain wage level for a period of 34 years. Both accounts are shown to have compounded with interest, and regular contribution in the sample II, until the age of 55. Growth to an account is possible when it is made to compound over time. Frequent withdrawals lessen the impact and momentum of compound growth.
Interest rate