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Current Income Ceiling$8,000.00Effective from 1 January 2026
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CPF Interest Rates

Understanding CPF Interest Rates

Ordinary Account (OA)

2.5% p.a.

Fixed floor rate (not pegged to SGS)

Special, MediSave & Retirement Accounts

4.0% p.a.

Floor rate (minimum guaranteed)

Pegged Formula:

10-year SGS yield + 1% OR floor rate, whichever is higher

Floor Rate vs Pegged Rate

Floor Rate:The minimum guaranteed interest rate your CPF accounts will earn, regardless of market conditions.
Pegged Rate:For SMRA accounts, the interest rate is linked (pegged) to the 12-month average of 10-year Singapore Government Securities (SGS) yield, plus 1%.
Actual Rate:You always receive the higher of the two rates - either the pegged rate or the floor rate.

Interest Rate Trend

CPF Interest Rate Trends (12-Month View)

How it works: The SMRA (Special, MediSave & Retirement Accounts) interest rate is pegged to the 12-month average of 10-year Singapore Government Securities (SGS) yield plus 1%. When this pegged rate falls below 4%, members receive the floor rate of 4% instead.

Why floor rates matter: Floor rates protect your CPF savings during periods of low interest rates. Even when market rates fall below the floor, your CPF accounts continue to earn the guaranteed minimum rate, ensuring consistent growth of your retirement savings.

Quarterly Interest Rates

Quarterly CPF Interest Rates (2024-2025)

2024 Q1

Ordinary Account (OA)

2.50%

Special Account (SA)

4.08%

MediSave Account (MA)

4.08%

Retirement Account (RA)

4.08%

2024 Q2

Ordinary Account (OA)

2.50%

Special Account (SA)

4.05%

MediSave Account (MA)

4.05%

Retirement Account (RA)

4.05%

2024 Q3

Ordinary Account (OA)

2.50%

Special Account (SA)

4.08%

MediSave Account (MA)

4.08%

Retirement Account (RA)

4.08%

2024 Q4

Ordinary Account (OA)

2.50%

Special Account (SA)

4.14%

MediSave Account (MA)

4.14%

Retirement Account (RA)

4.14%

2025 Q1

Floor Applied

Ordinary Account (OA)

2.50%

Special Account (SA)

4.00%

MediSave Account (MA)

4.00%

Retirement Account (RA)

4.00%

2025 Q2

Floor Applied

Ordinary Account (OA)

2.50%

Special Account (SA)

4.00%

MediSave Account (MA)

4.00%

Retirement Account (RA)

4.00%

2025 Q3

Floor Applied

Ordinary Account (OA)

2.50%

Special Account (SA)

4.00%

MediSave Account (MA)

4.00%

Retirement Account (RA)

4.00%

Note: Quarters highlighted in amber indicate when the 4% floor rate was applied because the pegged rate (10-year SGS + 1%) fell below the floor.

Distribution Rates by Age Group

CPF Distribution Rates by Age Group

35 and below

OA

62.2%

SA

16.2%

MA

21.6%

Above 35 to 45

OA

56.8%

SA

18.9%

MA

24.3%

Above 45 to 50

OA

51.4%

SA

21.6%

MA

27.0%

Above 50 to 55

OA

40.6%

SA

31.1%

MA

28.4%

Above 55 to 60

OA

40.7%

SA

23.7%

MA

35.6%

Above 60 to 65

OA

17.1%

SA

31.7%

MA

51.2%

Above 65 to 70

OA

6.5%

SA

25.8%

MA

67.7%

Above 70

OA

8.0%

SA

8.0%

MA

84.0%