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Interest on your CPF savings

To help boost retirement savings, the Government pays extra interest on the first $60,000 of your combined balances, which is capped at $20,000 for Ordinary Account (OA). 

The extra interest earned on your OA savings will go into your Special Account (SA) or Retirement Account (RA) to enhance your retirement savings. 

If you’re participating in the CPF LIFE scheme, you will still earn the extra interest on your combined CPF balances, including savings used for CPF LIFE.

Learn more about extra interest

Earn up to 6% or 5% per annum on your CPF savings*

Here are the interest rates your savings could earn across your CPF accounts.

CPF Interest Rates

*Based on the current 4% interest rate floor on Special, MediSave and Retirement Account monies. The interest rate for Special and MediSave Account is 4.04% per annum from 1 October 2023 to 31 December 2023.

Rate structure

How are CPF interest rates determined?

More about CPF interest rates

Ordinary Account interest rate

Special Account and MediSave Account interest rates

Retirement Account interest rate

How are CPF savings invested?

Your CPF savings are invested in Special Singapore Government Securities (SSGS) which are guaranteed by the Government. SSGS are non-tradable bonds issued specifically to the CPF Board for the investment of CPF savings.

This ensures that CPF savings are safe, regardless of financial market conditions, and ensures that CPF Board will be able to pay the respective interest rates to you.

More details on MOF website