CPF Interest Rates from 1 July 2022 to 30 September 2022

	Ordinary Account	Special and MediSave Accounts	Retirement Account
Interest Rate Floor	2.5%	4%	4%

CPF members below 55 years old

Members earn up to 5% interest on the first $60,000 of their combined CPF balances

CPF members aged 55 and above

Members earn up to 6% interest on the first $30,000 of their combined CPF balances, and up to 5% on the next $30,000

HDB Concessionary Interest Rate from 1 July 2022 to 30 September 2022

Remains unchanged at 2.6%

Note: All interest rates are quoted on a per annum basis.

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 Account (SMA) monies for the third quarter of 2022. These interest rates include an extra 1% interest on the first $60,000 of their 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% interest on the next $30,000. This means that they will earn up to 6% interest per annum 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 Concessionary Interest Rate

The OA interest rate will be maintained at 2.5% per annum from 1 July 2022 to 30 September 2022.

Correspondingly, the concessionary interest rate for HDB housing loans, which is pegged at 0.1% above the OA interest rate, will remain unchanged at 2.6% per annum from 1 July 2022 to 30 September 2022.

Interest Rate for Special and MediSave Account

The SMA interest rate will be maintained at 4% per annum from 1 July 2022 to 30 September 2022.

Interest Rate for Retirement Account

The RA interest rate will be maintained at 4% per annum from 1 January 2022 to 31 December 2022, as announced on 27 September 2021.

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

CPF members can visit cpf.gov.sg or contact CPF Board through cpf.gov.sg/writetous for enquiries.