Your CPF savings in the Ordinary Account (OA) earn a guaranteed interest of 2.5% per annum, while savings in the Special Account (SA) and Retirement Account (RA) earn at least 4% interest per annum. The first $60,000 of your combined balances* earns an extra 1% interest per annum. If you are 55 years old or above, you will earn 2% extra interest on the first $30,000 of your combined balances* and 1% extra interest on the next $30,000*. This means that you can earn up to 6% interest per annum on your retirement savings^.
*Capped at $20,000 for OA.
^Based on the interest rate floor of 4% per annum on Special/Retirement Account.