CPF Special, MediSave and Retirement Accounts’ interest rate remains at 4% for Q3 2025

[SINGAPORE] The interest rate for the Central Provident Fund’s (CPF) Special, MediSave and Retirement Accounts (SMRA) will remain at 4 per cent per annum in the third quarter of 2025 – the same as the second quarter.

This is because the SMRA pegged rate continues to fall below the floor rate of 4 per cent, said the CPF Board in a joint statement issued with the Housing and Development Board (HDB) on Thursday (May 22).

The SMRA interest rate is pegged to the 12-month average yield of 10-year Singapore Government Securities plus 1 per cent, and is subject to the floor rate.

Similarly, the Ordinary Account’s (OA) interest rate also remains at the floor rate of 2.5 per cent per annum for the third quarter, as its pegged rate remains below the floor rate.

As a result, the concessionary interest rate for HDB housing loans, pegged at 0.1 per cent above the OA interest rate, will remain unchanged at 2.6 per cent a year.

All CPF members will continue to earn extra interest on their CPF savings.

Members aged 55 and above will earn an extra 2 per cent interest on the first S$30,000 of their combined balances, capped at S$20,000 for the OA, and an additional 1 per cent on the next S$30,000.

Those aged below 55 can expect to earn an extra 1 per cent interest on the first S$60,000 of their combined balances, also capped at S$20,000 for the OA.

The extra interest earned on the OA balances will go into the member’s Special Account (SA) or Retirement Account (RA).

For members aged 55 and above who have joined CPF Life, extra interest will continue to apply to their combined CPF balances, including the savings used for CPF Life.