Scheduled Maintenance: CPF digital services will not be available on 26 Mar 2023, from 12am to 8am.

A Singapore Government Agency Website
Central Provident Fund Board logo
Who we are Tools and services Infohub
You are at
my cpf

Account balances, dashboards, statements, and more.
CPF overview
Growing your savings
Retirement income
Home ownership
Healthcare financing
Account services
Who we are
Tools and services
Infohub
e-Cashier
FAQs
Calculators
Forms
Main menu

my cpf

my cpf Home
My dashboards
My statements
My requests
My activities
My mailbox
my cpf

My dashboards

Retirement
Home ownership
Healthcare
Providing for your loved ones
Self-employment
Investment
Education
Child
my cpf

My statements

Contribution history
Transaction history
Yearly Statement of Account
Main menu

CPF overview

Find out more
Main menu

Growing your savings

Learn more
CPF contributions
More ways to save
Investments and interest
Government support
Growing your savings

CPF contributions

Employees
Self-employed persons
Growing your savings

More ways to save

Voluntary housing refunds
Retirement top-ups and transfers
MediSave top-ups
Matching grant for seniors
Growing your savings

Investments and interest

Investing your CPF
CPF interest rates
Growing your savings

Government support

Workfare Income Supplement
Main menu

Retirement income

Learn more
Monthly payouts
Retirement withdrawals
Government support
Retirement income

Monthly payouts

CPF LIFE
Other payouts
Retirement income

Retirement withdrawals

For immediate needs
For reduced life expectancy
Retirement income

Government support

Silver Support Scheme
Main menu

Home ownership

Learn more
Using CPF for housing
Protecting against losing your home
Planning your housing journey
Main menu

Healthcare financing

Learn more
Using MediSave
MediShield Life
Supplementary coverage
ElderShield
CareShield Life
Main menu

Account services

Learn more
Your account information
Providing for your loved ones
Account closure
Account services

Your account information

View your account balances
Update your contact preferences
Account services

Providing for your loved ones

CPF nomination
Insuring to protect your dependants
Account services

Account closure

When you pass away
When you leave Singapore

Your page is loading.
One moment please.

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 November 2022 to January 2023 0.52% (see note)
CPF OA interest rate for April 2023 to June 2023  2.50% per annum (legislated minimum rate)
Plus: Fee to cover Cost of Loan Administration 0.10%
HDB mortgage rate for April 2023 to June 2023 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
30 Nov 2022 0.0500 0.1000 1.5000 0.0500 0.0500 0.0500 0.4500
31 Dec 2022 0.0500 0.1000 1.5000 0.0500 0.0500 0.0500 0.4500
31 Jan 2023 0.0500 0.1000 2.3000 0.0500 0.0500 0.0500 0.6633

 

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 February 2022 to January 2023

 

2.81%

 

Plus: 1.00%

 

1.00%

 

Computed CPF SMA interest rate for April 2023 to June 2023

 

3.81%

CPF SMA interest rate floor for April 2023 to June 2023

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