CPF interest rates for Special, Medisave & Retirement accounts remain unchanged from 1 Apr to 30 Jun 2025

The Ordinary Account interest rate will continue at the floor rate of 2.5% per annum in this period.

According to a media release by the Central Provident Fund Board (CPF Board) in Singapore, from 1 April to 30 June 2025, the interest rates for SMRA as well as the OA will remain unchanged. However, CPF members can still earn extra interest on their savings to grow their retirement funds.

Details of the latest update are as follows:

Interest rate floors

• Special, MediSave, and Retirement Accounts (SMRA): 4% per annum
• Ordinary Account (OA): 2.5% per annum
• HDB concessionary interest rate: 2.6% per annum

Why are CPF interest rates unchanged?

• SMRA interest rate (4%): Remains unchanged because the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1% is below the 4% floor rate.
• OA interest rate (2.5%): Stays at the floor of 2.5% because the OA pegged rate is below this floor.
• HDB concessionary interest rate (2.6%): Remains unchanged as it is pegged at 0.1% above the OA interest rate.

Boost CPF savings with extra interest

As part of the Government’s efforts to strengthen retirement savings, CPF members will continue earning extra interest on their CPF savings.

• Under 55 years old: An extra 1% interest on the first S$60,000 of combined CPF balances (with a cap of S$20,000 for OA).
• 55 years and above: An extra 2% interest on the first S$30,000 of combined balances (with a cap of S$20,000 for OA), and an extra 1% on the next S$30,000.

Additional benefits for members aged 55 and above

If you are 55 and above and enrolled in CPF LIFE, Singapore’s national annuity scheme providing monthly retirement payouts for life, you will still earn extra interest on your combined CPF balances, including savings used for CPF LIFE.