CPF Interest Rates

For the second quarter of 2021, CPF members below 55 years old will continue to earn interest rates of up to 3.5% per annum on their Ordinary Account (OA) monies, and up to 5% per annum on their Special and MediSave accounts (SMA) monies. These interest rates include an extra 1% interest paid on the first $60,000 of a member’s combined balances (capped at $20,000 for OA).

For members aged 55 and above, the Government pays an extra 2% interest on the first $30,000 of their combined balances (capped at $20,000 for OA), and an extra 1% on the next $30,000. This means that members aged 55 and above will earn up to 6% interest per year on their retirement balances.

The extra interest paid to CPF members is part of the Government’s efforts to enhance the retirement savings for CPF members.

The extra interest received on the OA will go into the member’s Special Account (SA) or Retirement Account (RA). If a member is above 55 years old and participates in the CPF LIFE scheme, the extra interest will still be earned on his or her combined balances, which includes the savings used for CPF LIFE.

Interest Rate for CPF Ordinary Account and HDB Mortgage Rate

The OA interest rate will be maintained at 2.5% per annum from 1 April 2021 to 30 June 2021.

Correspondingly, the concessionary interest rate for HDB mortgage loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 April 2021 to 30 June 2021.

Interest Rate for Special and MediSave Accounts

The SMA interest rate will be maintained at 4% per annum from 1 April 2021 to 30 June 2021.

Interest Rate for Retirement Account

The RA interest rate will be maintained at 4% per annum from 1 January 2021 to 31 December 2021, as announced on 25 September 2020.

For more information on CPF interest rates and their computation, please visit cpf.gov.sg/InterestRates.

Public Enquiries

CPF members can visit cpf.gov.sg or call the CPF Call Centre at 1800-227-1188 for enquiries.

Joint Press Release by CPF and HDB - CPF Interest Rates from 1 April 2021 to 30 June 2021