CPF extra interest is the additional interest paid on the first part of a member’s combined CPF balances, on top of the base rates that the Ordinary, Special, MediSave and Retirement Accounts earn.
Key takeaways
- Members below 55 earn an extra 1% p.a. on the first SGD 60,000 of combined CPF balances, of which up to SGD 20,000 can come from the Ordinary Account.
- Members aged 55 and above earn an extra 2% p.a. on the first SGD 30,000 of combined balances and an extra 1% p.a. on the next SGD 30,000, with the same SGD 20,000 OA cap.
- Combined balances are counted in order: Retirement Account including CPF LIFE premiums, then Ordinary Account (capped at SGD 20,000), then Special Account, then MediSave Account.
- Extra interest earned on OA balances is credited to the Special Account for members below 55, and to the Retirement Account for members aged 55 and above.
- Base floor rates are 2.5% p.a. on the OA and 4% p.a. on the SA, MA and RA, with the 4% floor extended to 31 December 2026.
How extra interest is worked out
Extra interest is applied to combined CPF balances rather than to a single account. For members below 55 the rate is an extra 1% p.a. on the first SGD 60,000. For members aged 55 and above it is an extra 2% p.a. on the first SGD 30,000 and an extra 1% p.a. on the next SGD 30,000. In both cases no more than SGD 20,000 of the qualifying amount may come from the Ordinary Account, because OA savings are shorter-term in nature and can be withdrawn for housing and education.
The order balances are counted in
The CPF Board counts balances towards the qualifying tranche in a set order — Retirement Account first, including savings used to pay CPF LIFE premiums, then the Ordinary Account up to the SGD 20,000 cap, then the Special Account, then the MediSave Account.
Where the extra interest is credited
For members below 55, extra interest earned on SA and MA balances stays in those accounts, while extra interest on OA balances goes to the Special Account. For members aged 55 and above, extra interest on RA and MA balances stays put, and extra interest on OA balances goes to the Retirement Account. Where a member is on CPF LIFE, the extra interest on the premium accumulates with the scheme.
Extra interest alongside the base rates
Adding the extra interest to the floor rates gives up to 3.5% p.a. on qualifying OA savings and up to 5% p.a. on qualifying SA and MA savings for members below 55. For members aged 55 and above, the first SGD 30,000 of qualifying Retirement Account savings earns up to 6% p.a. on the 4% floor. Rates are reviewed quarterly and the floors are set by the Government.
Key CPF extra interest figures
| Item | Figure |
|---|---|
| Extra interest — members below 55 | +1% p.a. on the first SGD 60,000 |
| Extra interest — members 55 and above | +2% p.a. on the first SGD 30,000, then +1% p.a. on the next SGD 30,000 |
| Cap on OA balances counted | SGD 20,000 |
| OA floor rate | 2.5% p.a. |
| SA / MA / RA floor rate | 4% p.a. |
Figures as at 2026. Source: CPF Board.
Worked example
A member aged 40 with SGD 30,000 in the OA and SGD 40,000 in the SA has combined balances of SGD 70,000. Extra interest of 1% p.a. applies to the first SGD 60,000 — counted as SGD 20,000 from the OA, the cap, plus SGD 40,000 from the SA — which comes to about SGD 600 over a year.
Related terms
All Singapore glossary terms →Related calculator
Compare the base and extra interest rates that apply across the CPF accounts.
This page is provided for educational and informational purposes only. It does not constitute financial advice. All figures and worked examples are estimates for illustrative purposes, are subject to change, and do not reflect any individual’s circumstances. Always refer to the CPF Board and seek independent professional advice before making any financial decisions.