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 29 Jan 2023, from 12am to 5am.

Message from GovTech: Some users may be experiencing difficulties accessing digital services with Singpass. We are working to resolve the issue. We apologise for any inconvenience caused, and will provide updates in due course.

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What are the CPF interest rates?

CPF Interest Rates (1 January 2023 to 31 March 2023)

CPF Interest Rates

To help boost retirement savings, the Government pays extra interest on the first $60,000 of your combined CPF balances, which is capped at $20,000 for Ordinary Account (OA). Please refer to details on extra interest in the table below.
 
Age Extra interest
Below 55 years old 1% per annum on the first $60,000 (capped at $20,000 for OA) 
55 years old and above

2% per annum on the first $30,000, 1% per annum on the next $30,000
(capped at $20,000 for OA)

This means that you earn up to 6% on your retirement savings

 
Extra interest earned on OA savings go into your Special Account (SA) or Retirement Account (RA) to enhance your retirement savings. If you are participating in the CPF LIFE scheme, you will still earn the extra interest on your combined CPF balances, including the savings used for CPF LIFE.
 
Please refer to the respective links for more information on the CPF interest rates and historical CPF interest rates (PDF, 0.14MB).