Singapore extends 4% CPF interest floor on Special, MediSave and Retirement Accounts until end-2026

The Ordinary Account (OA) interest rate will remain unchanged at the floor rate of 2.5% per annum from 1 October to 31 December 2025, as the OA pegged rate remains below the floor rate of 2.5%.

Singapore's Government announced on 22 September that it has extended the 4% interest rate floor for interest earned on all Special, MediSave and Retirement Account (SMRA) monies for another year from 1 January to 31 December 2026, allowing CPF members the certainty on the returns of their CPF savings amidst the falling interest rate environment.

Interest rate for CPF Special, MediSave and Retirement Accounts

The SMRA interest rate will remain unchanged at the floor rate of 4% per annum from 1 October to 31 December 2025, as the SMRA pegged rate remains below the floor rate of 4%. The SMRA interest rate is pegged to the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%.

Interest Rate for CPF Ordinary Account and HDB Concessionary Interest Rate

The Ordinary Account (OA) interest rate will remain unchanged at the floor rate of 2.5% per annum from 1 October to 31 December 2025, as the OA pegged rate remains below the floor rate of 2.5%.

Correspondingly, the concessionary interest rate for HDB housing loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 October to 31 December 2025.

Extra interest paid on CPF balances

CPF members will continue to earn extra interest on their CPF savings. For members aged below 55, they will earn an extra 1% interest on the first S$60,000 of their combined balances (capped at S$20,000 for OA). For members aged 55 and above, the Government will pay an extra 2% interest on the first S$30,000 of their combined balances (capped at S$20,000 for OA), and an extra 1% on the next S$30,000.

The extra interest earned on the OA balances will go into the member’s Special Account or Retirement Account. If a member is aged above 55 and participates in CPF LIFE, the extra interest will still be earned on his or her combined CPF balances, which includes the savings used for CPF LIFE.

READ MORE: CPF Board launches ‘PLAN with CPF’ to guide Singaporeans through major financial decisions 

Infographic / CPFB