{"id":856509,"date":"2026-09-22T10:58:12","date_gmt":"2026-09-22T10:58:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/856509\/"},"modified":"2026-09-22T10:58:12","modified_gmt":"2026-09-22T10:58:12","slug":"4-interest-rate-floor-for-cpf-special-medisave-retirement-accounts-extended-till-end-2027","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/856509\/","title":{"rendered":"4% interest rate floor for CPF Special, MediSave, Retirement accounts extended till end-2027"},"content":{"rendered":"<p data-testid=\"article-description\">This is to help members grow their retirement savings, the\u00a0CPF Board and the Housing Board say<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">[SINGAPORE]\u00a0Central Provident Fund (CPF) members will earn a minimum of 4 per cent on their\u00a0Special, MediSave and Retirement Accounts (SMRA)\u00a0till the\u00a0end of 2027, with interest rates remaining unchanged for the upcoming quarter.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The extension of the SMRA rate floor will continue to help members grow their retirement savings and provide them with certainty on their CPF returns amid the uncertain economic and interest rate environment, the\u00a0CPF Board (CPFB) and the Housing Board said in a joint statement on Tuesday (Sep 22).<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The SMRA interest rate will remain unchanged at the floor rate of 4 per cent from Oct 1 to Dec 31, as the SMRA pegged rate remains below the floor rate of 4 per cent.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">This\u00a0is pegged to the 12-month average yield of 10-year Singapore Government Securities, plus 1 per cent. According to the CPFB website, the average yield from\u00a0August 2025 to July 2026 was 3.06 per cent.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The Ordinary Account interest rate will remain at 2.5 per cent from Oct 1 to Dec 31, as the OA pegged rate remains below the floor rate of 2.5 per cent.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">This is pegged to the three-month average of the major local banks\u2019 interest rates, which was\u00a00.32 per cent from May to July,\u00a0according to the CPFB website.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The concessionary rate for Housing and Development Board loans, which is pegged at 0.1 per cent above the OA interest rate, will stay at 2.6 per cent.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Members will also continue to earn extra interest on their CPF savings.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Those aged\u00a0below 55\u00a0will earn an\u00a0additional 1 per cent interest on the first S$60,000\u00a0of their combined balances, capped at\u00a0S$20,000 for OA.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">For those\u00a0aged 55 and above, the government will pay an\u00a0extra 2 per cent interest on the first S$30,000\u00a0of their combined balances \u2013 capped at S$20,000 for OA \u2013 and another\u00a01 per cent on the next S$30,000.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">The extra interest earned on the OA balances will go into the individual\u2019s Special Account or Retirement Account.<\/p>\n<p class=\"whitespace-pre-wrap break-words mb-4 md:mb-6\" data-testid=\"article-paragraph-component\">Additionally, CPF Life participants who are aged 55 and above will still earn extra interest on their combined CPF balances, including the savings used for CPF Life. <a class=\"text-bt-blue-500 underline hover:text-bt-blue-600\" data-testid=\"article-annotation-link-component\" href=\"https:\/\/www.straitstimes.com\/singapore\/4-interest-rate-floor-for-cpf-special-medisave-retirement-accounts-extended-till-end-2027\" target=\"_blank\" rel=\"nofollow noopener\">THE STRAITS TIMES<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"This is to help members grow their retirement savings, the\u00a0CPF Board and the Housing Board say [SINGAPORE]\u00a0Central Provident&hellip;\n","protected":false},"author":2,"featured_media":856510,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[28,58435,361673,147,530,195709],"class_list":["post-856509","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-cpf","tag-medisave","tag-personal-finance","tag-personalfinance","tag-the-straits-times"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/856509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=856509"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/856509\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/856510"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=856509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=856509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=856509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}