Yahoo Finance 
Singapore CPF interest rate of 4.05% for Special, MediSave, Retirement accounts from 1 April to 30 June 2024
The CPF Ordinary Account (OA) interest rate remains unchanged at 2.5%.
SINGAPORE—The Central Provident Fund (CPF) interest rate for the Special, MediSave, and Retirement Account (SMRA) will be 4.05 per cent per annum from 1 April to 30 June 2024, the CPF Board said in a statement on Tuesday (12 March).
The rate is slightly lower than the 4.08 per cent interest rate announced in the previous quarter.
The interest rate for the three accounts is pegged to the 12-month average yield of 10-year Singapore Government Securities (SGS) plus one per cent, with the current pegged rate exceeding the floor rate of four per cent.
Latest Ordinary Account (OA) and HDB concessionary interest rates
Meanwhile, the Ordinary Account (OA) interest rate from 1 April to 30 June 2024 will remain unchanged at 2.5 per cent for the same period as the OA's pegged rate remains below the floor rate of 2.5 per cent, said the CPF Board.
Correspondingly, the concessionary interest rate for Housing and Development Board (HDB) housing loans, which is pegged at 0.1 per cent above the OA interest rate, will remain unchanged at 2.6 per cent per annum for the upcoming quarter.
"The government will continue to ensure that the CPF interest rate pegs remain relevant in the prevailing operating environment while taking into consideration the longer-term outlook," said the CPF Board in its statement.
Additional CPF interest
Additionally, the CPF Board also announced that all CPF members below age 55 would earn an extra one per cent interest on the first S$60,000 of their combined balances (capped at S$20,000 for the OA).
CPF members aged above 55 years old will earn an extra two per cent interest on the first S$30,000 of their combined CPF balances (capped at S$20,000 for the OA) and an extra one per cent on the next S$30,000.
The extra interest received on the OA balances will go into the member's Special Account (SA) or Retirement Account (RA). For CPF members who are over 55 years old and participate in the CPF LIFE scheme, extra interest will still be earned on their combined CPF balances, including the savings used for CPF LIFE.
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