Beware of scam calls and scam messages impersonating as CPF officers asking for your personal details. Ignore them and do not share your Singpass ID/password or banking details with anyone. CPF officers will NOT ask for your Singpass, banking userid or password.

Scheduled Maintenance: CPF digital services will not be available on 3 Jul 2022, from 12am to 10am.

my cpf

View personal CPF information and transactions for retirement, home ownership, healthcare, and more.


CPF overview

CPF empowers you to secure your life goals. Save for retirement, home ownership, and healthcare protection.

Growing your savings

For greater peace of mind in your golden years, CPF provides you with a strong foundation for retirement by helping you save for your retirement income, home ownership and healthcare needs.

Retirement income

Build a strong foundation for your retirement and get more from what you save in your golden years.

Home ownership

Owning a home can be affordable. Take care of your mortgage repayment, while protecting your retirement nest egg.

Healthcare financing

Learn how CPF can give you peace of mind to manage your basic healthcare sum and meet the costs of your healthcare needs.

Account services

Throughout your working life and in retirement, you can easily access your CPF account information using Singpass. To better manage your CPF savings, keep up with the latest news by having your contact details updated and subscribe to our email notifications.

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How are CPF interest rates determined?

Savings in the Ordinary Account earn the 3-month average of major local banks’ interest rates, subject to the legislated minimum interest of 2.5% per annum. This is reviewed quarterly.

Savings in the Special and MediSave accounts earn the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, subject to the current floor interest rate of 4% per annum. This is reviewed quarterly.

Savings in the Retirement Account earn the weighted average interest rate of the entire invested portfolio. New savings credited to RA each year earn the 12-month average yield of 10YSGS plus 1% computed for the year, subject to the current floor interest rate of 4% per annum. This is reviewed annually.

Please refer to the CPF interest rates and MOF website for more information.

Average banks' interest rate from February 2022 to April 2022 0.09% (see note)
CPF OA interest rate for July 2022 to September 2022  2.50% per annum (legislated minimum rate)
Plus: Fee to cover Cost of Loan Administration 0.10%
HDB mortgage rate for July 2022 to September 2022  2.60% per annum

Note:

 

12-month deposit rate

(% per annum)

Savings Rate 

(% per annum)

Average

(% per annum)

Month / Year DBS1 OCBC2 UOB3 DBS4 OCBC5 UOB6 Using the 80FD:20SD formula
28 Feb 2022 0.0500 0.1000 0.1500 0.0500 0.0500 0.0500 0.0900
31 Mar 2022 0.0500 0.1000 0.1500 0.0500 0.0500 0.0500 0.0900
30 Apr 2022 0.0500 0.1000 0.1500 0.0500 0.0500 0.0500 0.0900

 

1 Balances of $20,000 to < $50,000
2 Balances > $20,000 to $50,000
3 Balances < $50,000
4 Balances > $10,000 to $100,000 (AUTO-SAVE Account)
5 Balances ≤ $100,000 (EASI-SAVE Account)
6 Balances > $15,000 to $100,000 (UNIPLUS Account)

Average yield of 10YSGS from May 2021 to April 2022

 

1.72%

 

Plus: 1.00%

 

1.00%

 

Computed CPF SMA interest rate for July 2022 to September 2022

 

2.72%

CPF SMA interest rate floor for July 2022 to September 2022

4.00% per annum (current rate floor)

 

A table displaying SMA interest floor rates versus SMA computed rates

Source: Yields of 10-Year Singapore Government Securities are obtained from www.mas.gov.sg/bonds-and-bills