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  1. www.cpf.gov.sg › member › growing-your-savingsCPFB | Earning CPF interest

    The interest rate for Special, MediSave and Retirement Account is 4.08% per annum from 1 July 2024 to 30 September 2024. Rate structure. How are CPF interest rates determined? More about CPF interest rates. Ordinary Account interest rate. Interest rate from 1 July 2024 to 30 September 2024: 2.5% per annum.

  2. Jul 1, 2024 · The current base interest rate is 2.5% per annum for the Ordinary Account, and 4% per annum for Special, MediSave and Retirement accounts.

  3. Jun 17, 2024 · As we can see, our Special Account, Retirement Account and MediSave Account are paying above the 4.0% floor interest rate. This is because CPF interest rates are not fixed. According to the CPF Act, there is a formula that governs the calculation of interest returns on our CPF balances.

  4. Feb 21, 2024 · In line with higher interest rates globally, our Special Account savings have earned slightly higher interest returns since the tail-end of 2023. From Jan to Mar 2024, we will earn 4.08% on our Special Account savings.

  5. Jul 1, 2023 · Interest Rate for Special and MediSave Accounts. The SMA interest rate will be 4.01% per annum from 1 July 2023 to 30 September 2023. Interest Rate for Retirement Account. The RA interest rate will be maintained at 4% per annum from 1 January 2023 to 31 December 2023, as announced on 29 November 2022. Public Enquiries.

  6. Mar 1, 2024 · Interest Rates – INTEREST EARNED BY MEMBERS. Your CPF Savings account can earn a guaranteed interest rate each year. Initially, your OA’s interest rate is 2.5%, while the Special Account and Medisave Account give you 4%.

  7. Feb 17, 2024 · The Ministry of Finance said savings in the Special Account, some of which can be withdrawn anytime for members aged 55 and older, should not be earning a higher interest rate.

  8. May 29, 2023 · SINGAPORE – The interest rate for the Special and MediSave Account (SMA) of Central Provident Fund (CPF) members will increase to 4.01 per cent per annum, up from 4 per cent, for the...

  9. May 29, 2024 · SINGAPORE – The interest rate for the Special, MediSave and Retirement accounts of Central Provident Fund (CPF) members for the period between July 1 and Sept 30 has been set at 4.08 per...

  10. 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.