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How Much Interest Does Your CPF Earn?

Your CPF savings earn guaranteed interest backed by the Singapore Government. Your OA earns a floor rate of 2.5% per annum, while your SA, MA, and Retirement Account earn interest pegged to the 10-year Singapore Government Securities yield plus 1% — with a guaranteed minimum of 4% per annum. Below are current rates, historical trends, and how your contributions are distributed across accounts for each of the 8 age brackets.

How Your CPF Interest Is Determined

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)

Quarter

2024 Q1

2.50%

4.08%

2024 Q2

2.50%

4.05%

2024 Q3

2.50%

4.08%

2024 Q4

2.50%

4.14%

2025 Q1

2.50%

4.00%

2025 Q2

2.50%

4.00%

2025 Q3

2.50%

4.00%

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.

Where Your CPF Contributions Go by Age

CPF Distribution Rates by Age Group

Age Group

35 and below

62.2%

16.2%

21.6%

Above 35 to 45

56.8%

18.9%

24.3%

Above 45 to 50

51.4%

21.6%

27.0%

Above 50 to 55

40.6%

31.1%

28.4%

Above 55 to 60

40.7%

23.7%

35.6%

Above 60 to 65

17.1%

31.7%

51.2%

Above 65 to 70

6.5%

25.8%

67.7%

Above 70

8.0%

84.0%

35 and below

62.2%

16.2%

21.6%

Above 35 to 45

56.8%

18.9%

24.3%

Above 45 to 50

51.4%

21.6%

27.0%

Above 50 to 55

40.6%

31.1%

28.4%

Above 55 to 60

40.7%

23.7%

35.6%

Above 60 to 65

17.1%

31.7%

51.2%

Above 65 to 70

6.5%

25.8%

67.7%

Above 70

8.0%

84.0%

CPF Contribution Rates Comparison by Age Group

Age Group	Employee	Employer	Total
35 and below	20.0%	17.0%	37.0%
Above 35 to 45	20.0%	17.0%	37.0%
Above 45 to 50	20.0%	17.0%	37.0%
Above 50 to 55	20.0%	17.0%	37.0%
Above 55 to 60	15.0%	14.5%	29.5%
Above 60 to 65	9.5%	11.0%	20.5%
Above 65 to 70	7.0%	8.5%	15.5%
Above 70	5.0%	7.5%	12.5%

CPF Distribution Rates Comparison by Age Group

Age Group	OA (Ordinary)	SA (Special)	MA (MediSave)
35 and below	62.2%	16.2%	21.6%
Above 35 to 45	56.8%	18.9%	24.3%
Above 45 to 50	51.4%	21.6%	27.0%
Above 50 to 55	40.6%	31.1%	28.4%
Above 55 to 60	40.7%	23.7%	35.6%
Above 60 to 65	17.1%	31.7%	51.2%
Above 65 to 70	6.5%	25.8%	67.7%
Above 70	8.0%	8.0%	84.0%

CPF Extra Interest: How the 1% Bonus Works

CPF members earn extra interest on top of base rates to boost retirement savings. This bonus interest applies to the first portion of your combined CPF balances.

Under Age 55

+1%

On the first S$60,000 of combined OA + SA + MA balances

Max extra interest: S$600 per year

Age 55 and Above

+1% + 1%

Base tier: +1% on first S$60,000 of combined balances
Senior tier: Additional +1% on first S$30,000 of combined balances

Max extra interest: S$900 per year

How it works: The extra interest is paid into your Special Account (or Retirement Account if you're 55+). This means your SA/RA grows faster, directly increasing your CPF LIFE payouts in retirement.

Example: A 30-year-old with S$50,000 across OA + SA + MA earns an extra S$500 per year (S$42 per month) on top of base rates.

Want to see how these rates apply to your salary?

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