CPF interest rates to hold steady in Q3

[SINGAPORE] Central Provident Fund (CPF) interest rates across all accounts will remain unchanged for the third quarter of 2026.

On Tuesday (May 26), the CPF Board and Housing & Development Board (HDB) said interest rates for the Ordinary Account (OA), as well as the Special, MediSave and Retirement Accounts (SMRA), will be maintained at their respective floor rates from Jul 1 to Sep 30, 2026.

The OA interest rate will remain at 2.5 per cent a year, as the pegged rate remains below the floor rate.

The concessionary interest rate for HDB housing loans, which is pegged at 0.1 per cent above the OA rate, will remain unchanged at 2.6 per cent a year.

For SMRA, the interest rate will hold steady at 4 per cent annually.

The authorities noted that the SMRA pegged rate – which is based on the 12-month average yield of 10-year Singapore Government Securities plus 1 per cent – is currently below the floor rate of 4 per cent.

To boost retirement savings for CPF members, the government will continue providing extra interest on its balances.

Members below 55 will earn an additional 1 per cent interest on the first S$60,000 of their combined balances – capped at S$20,000 for OA.

Members aged 55 and above will earn an additional 2 per cent interest on the first S$30,000 of their combined balances – capped at S$20,000 for OA – and an additional 1 per cent on the next S$30,000.

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The extra interest earned on OA savings will be credited to members’ Special or Retirement Accounts.