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The current base interest rate is 2.5% per annum for the Ordinary Account, and 4% per annum for Special, MediSave and Retirement accounts.
CPF interest rates. (1 October 2024 to 31 December 2024) Overview. Interest on your CPF savings. To help boost retirement savings, the Government pays extra interest on the first $60,000 of your combined balances, which is capped at $20,000 for Ordinary Account (OA).
Interest Rate for CPF Special, MediSave and Retirement Accounts. With the Special, MediSave and Retirement Accounts (SMRA) pegged rate exceeding the floor rate of 4%, savings in the SMRA will earn 4.08% in the third quarter of 2024, from 1 July to 30 September 2024.
In addition, the legislated minimum interest rate that our CPF balances must earn is 2.5% per annum. The higher floor rate of 4.0% interest return on our Special Account (SA), MediSave Account (MA) and Retirement Account (RA) is technically not mandated, but is a commitment that the government has made.
From 1 April to 30 June, the CPF Retirement Account (RA) will see its interest rate set at 4.05% per annum. This adjustment aligns the RA's interest rate with those of the Special Account (SA) and MediSave Account (MA), reflecting a strategic shift to quarterly computations.
SINGAPORE – The interest rate for the Special and MediSave accounts of Central Provident Fund (CPF) members will increase to 4.08 per cent per annum, from 4.04 per cent, for the period...
Retirement Account interest rate: 4.05% per annum (from 1 April 2024 to 30 June 2024) It was announced last year that the Retirement Account (RA) interest rate peg will be aligned to that of the Special and MediSave Accounts and computed quarterly instead of annually from 1 January 2024.
CENTRAL Provident Fund (CPF) members’ savings in their Special and MediSave Accounts (SMA) will generate interest at a rate of 4.08 per cent from Jan 1, 2024, to Mar 31, 2024, from 4.04 per cent previously.
SINGAPORE: The interest rate for Central Provident Fund (CPF) Special, MediSave and Retirement accounts will increase to 4.14 per cent in the fourth quarter of 2024, up from 4.08 per cent...
As part of the Government’s efforts to enhance the retirement savings for CPF members, CPF members will earn extra interest on their CPF savings. For members below 55 years old, they will earn extra 1% interest on the first $60,000 of their combined balances (capped at $20,000 for OA).