CPF extra interest is interest the Government pays on top of the base rates, on the first SGD 60,000 of a member’s combined CPF balances, of which no more than SGD 20,000 can come from the Ordinary Account. Below 55 it is 1% a year on the first SGD 60,000; from 55 it is 2% on the first SGD 30,000 and 1% on the next SGD 30,000. With the 4% base rate, that is up to 6% a year.

Updated Published 6 min read CPF
Singapore · most a CPF balance earns, aged 55 and above, first SGD 30,000 · Q4 2026
6%
Below 55, max5%
OA base2.5%
SMRA base4%
OA up toSGD 20,000
Extra, below 551%on the first SGD 60,000 combined
Extra, 55 and above2% + 1%first SGD 30,000, then the next SGD 30,000
OA counted up toSGD 20,000of the combined balances
OA base, Q4 20262.5%legislated minimum; pegged rate 0.32%
SMRA base, Q4 20264%floor; computed rate 3.06%
4% floor runs to31 Dec 2027extended on 22 Sep 2026

Key takeaways

  • Members below 55 earn an extra 1% a year on the first SGD 60,000 of their combined CPF balances. Members 55 and above earn an extra 2% on the first SGD 30,000 and 1% on the next SGD 30,000. In both cases no more than SGD 20,000 of the counted balance can come from the OA, because OA savings are short-term and can be withdrawn for housing and education.
  • Extra interest earned on SA, MediSave and RA balances stays in those accounts. Extra interest earned on OA balances goes to the SA for members below 55 and to the RA for members 55 and above, where it earns the long-term rate.
  • Balances are counted in a fixed order: first the RA, including any CPF LIFE premium balance, then the OA up to SGD 20,000, then the SA, then the MediSave Account. Members 55 and above in CPF LIFE still earn extra interest on balances that include savings used for CPF LIFE; it is paid into the RA or pooled with the interest on all members’ CPF LIFE premiums.
  • For 1 Oct – 31 Dec 2026 the OA earns 2.5%, its legislated minimum, because the banks’ average rate for May to July 2026 was 0.32%. The SA, MediSave and RA earn the 4% floor: the 12-month average 10-year SGS yield for August 2025 to July 2026 was 2.06%, and 2.06% plus 1% gives 3.06%, below the floor. On 22 September 2026 the Government extended the 4% floor to 31 Dec 2027.
  • Interest is computed monthly, credited by the following year and compounded annually. Contributions and refunds received in a month start earning the next month; withdrawals and deductions stop earning from the month they are made. The SA closed for members 55 and above on 19 January 2025, so from 55 the extra interest works through the RA, OA and MediSave Account.
Definition

How does CPF extra interest work?

Each account earns its base rate, and the first SGD 60,000 of the combined balance earns extra on top. The tiers depend on age.

Below 55up to 5%An extra 1% on the first SGD 60,000. Extra interest earned on the OA is credited to the SA.
55 and aboveup to 6%An extra 2% on the first SGD 30,000 and 1% on the next SGD 30,000. Extra interest earned on the OA is credited to the RA.
Ordinary AccountSGD 20,000 capAt most SGD 20,000 of OA savings counts towards the combined balance.

The RA is counted first, so for a member aged 55 and above with at least SGD 30,000 in the RA, the RA fills the whole 2% tier before any other account is counted.

Worked example

What extra interest adds to each account

CPF Board’s base rates for 1 Oct – 31 Dec 2026, and the extra interest on balances within the first SGD 60,000 counted (OA up to SGD 20,000). From 55 the extra is 2% on the first SGD 30,000 counted and 1% on the next SGD 30,000.

AccountBase, Q4 2026Extra, below 55Extra, 55 and above
Ordinary2.5%+1%, to the SA+2% or +1%, to the RA
Special4%+1%closed at 55
MediSave4%+1%+2% or +1%
Retirement4%opens at 55+2% or +1%

Aged 57: RA SGD 40,000, OA SGD 30,000, MediSave SGD 20,000

RA: SGD 30,000 × 2%SGD 600
RA: SGD 10,000 × 1%SGD 100
OA: SGD 20,000 × 1%SGD 200
MediSave: past SGD 60,000SGD 0
Extra interest, to the RASGD 900

Money Snap’s illustration, with balances held all year and rates unchanged. The RA is counted first and fills the 2% tier; the OA counts only up to SGD 20,000; the SGD 60,000 limit is then reached, so the MediSave balance earns its base rate only.

What it means for you

Where extra interest shows up

Using the OA for housingCPF housing withdrawal calculator
Only the first SGD 20,000 of OA savings counts towards extra interest, since OA money can be withdrawn on demand for housing and education.
The SA closed for members 55 and above on 19 January 2025. SA savings moved to the RA up to the cohort Full Retirement Sum; any remainder went to the OA at 2.5%, and can be moved to the RA up to the current Enhanced Retirement Sum, irreversibly.
CPF LIFE payoutsCPF LIFE plan comparator
Savings used for CPF LIFE still count towards the combined balance, so members in CPF LIFE keep earning extra interest.
Watching the balance growCPF accrued interest calculator
Interest is computed monthly, credited to the accounts by the following year and compounded annually. A contribution received in a month starts earning from the next month.
Each quarter’s ratesCPF interest rates
CPF Board reviews the OA and SMRA rates every quarter against their pegs, and the floors decide the rate whenever the peg falls below them.
Common misconceptions

Five things people get wrong

Extra interest is paid on the whole CPF balance.
Only on the first SGD 60,000 of combined balances, with the OA counted up to SGD 20,000.
Extra interest earned on the OA stays in the OA.
It is credited to the SA for members below 55 and to the RA for members 55 and above.
Every account earns 6% after 55.
The 2% extra applies to the first SGD 30,000 counted, and the RA is counted first. OA balances earn 2.5% in the OA; any extra interest on them is credited to the RA.
The 4% floor is permanent.
It is extended a year at a time — now to 31 Dec 2027. For 1 Oct – 31 Dec 2026 the computed rate was 3.06%.
Joining CPF LIFE ends extra interest.
Members in CPF LIFE still earn it, on balances that include the savings used for CPF LIFE.
Sources and reviewChecked against the CPF Board interest pages and releases on 2026-09-27

Official CPF Board rates and rules, for general information only. Not financial advice.

Sources: CPF Board

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.