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CPF Interest Rates Explained

Updated 25 Oct 2026 2 min read SG Rate Watch Editorial Team
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Short answer

For 1 October–31 December 2026, CPF Ordinary Account savings earn 2.5% a year and Special, MediSave and Retirement Account savings earn 4.0%. Extra interest on your first balances can lift the effective return to as much as 5% below 55 and 6% from 55.

On this page4 sections · tap to jump
  1. 01The headline rates
  2. 02The extra interest
  3. 03Why this matters
  4. 04A note for members aged 55 and up

Your CPF savings earn interest set by the Government and reviewed every quarter. For 1 October to 31 December 2026, the rates are 2.5% a year on the Ordinary Account (OA) and 4.0% a year on the Special, MediSave and Retirement Accounts (SA, MA, RA). Both are floor rates, so they cannot drop below those levels for the quarter.

The headline rates

Account Interest rate (Oct–Dec 2026)
Ordinary Account (OA) 2.5% p.a.
Special Account (SA) 4.0% p.a.
MediSave Account (MA) 4.0% p.a.
Retirement Account (RA) 4.0% p.a.

CPF base interest rates (Oct–Dec 2026)

Base rates before extra interest. Source: CPF Board.

The extra interest

On top of the base rates, the Government pays extra interest on your first balances to boost retirement savings:

Extra interest on first balances: Below 55 +1% on first S$60,000 (OA capped at S$20,000); 55 and above +2% on first S$30,000, +1% on next S$30,000; Effective ceiling Up to 5% (below 55) / 6% (55+)

Extra interest is added on top of the base rates. Source: CPF Board.

  • Below 55: an extra 1% a year on the first S$60,000 of your combined balances — of which the OA portion counted is capped at S$20,000. This lifts the effective return to as much as 5%.
  • 55 and above: an extra 2% on the first S$30,000 and an extra 1% on the next S$30,000 of combined balances — up to 6% in total.

Why this matters

These rates are the benchmark every other “safe” option is measured against.

A note for members aged 55 and up

General information on CPF interest rates, not financial advice. Rates are reviewed quarterly; confirm the current rates on the CPF website.

Sources

  1. Earning CPF interest (rates and extra interest) — Central Provident Fund Board (as of October 2026)
  2. Government extends 4% interest rate floor on SMRA monies until 31 December 2027 — Central Provident Fund Board (as of September 2026)