CPF 4% interest rate floor for Special, MediSave, Retirement accounts extended till Dec 31, 2026

[SINGAPORE] The government said on Monday (Sep 22) that it has extended the 4 per cent interest rate floor for interest earned on all Special, MediSave and Retirement Account (SMRA) monies for another year.

The extension means the interest rate floor will last till Dec 31, 2026.

In a joint release, the Central Provident Fund (CPF) Board and Housing & Development Board (HDB) said: “This extension of the floor rate will continue to provide CPF members with certainty on the returns of their CPF savings amid the falling interest rate environment.”

The SMRA interest rate is pegged to the 12-month average yield of 10-year Singapore Government Securities, plus 1 per cent. That average was at 2.6 per cent from August 2024 to July 2025, with the SMRA interest rate thus at 3.6 per cent.

The Ordinary Account (OA) interest rate will remain unchanged at the floor rate of 2.5 per cent per annum from Oct 1, 2025, to Dec 31, 2025. Correspondingly, the concessionary interest rate for HDB housing loans, which is pegged at 0.1 percentage point above the OA interest rate, will remain unchanged at 2.6 per cent per annum for the same period.

CPF members aged below 55 will continue to earn an extra 1 per cent interest on the first S$60,000 of their combined balances, capped at S$20,000 for the OA.

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For members aged 55 and above, the government will also continue to pay an extra 2 per cent interest on the first S$30,000 of their combined balances. This is also capped at S$20,000 for the OA and an extra 1 per cent 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 their combined CPF balances, which includes the savings used for CPF Life.