Your CPF retirement and MediSave money keeps its 4% floor for another year. CPF Board announced on 22 September 2026 that the Government has extended the 4% interest rate floor on all Special, MediSave and Retirement Account (SMRA) savings from 1 January to 31 December 2027. The floor had been set to run only until 31 December 2026, so this removes the question many members were asking about next year's rate.
> Quick view: What: 4% floor on SA, MediSave and RA savings extended by one year · Until: 31 December 2027 · Oct-Dec 2026 rates: OA 2.5%, SA/MA/RA 4%, HDB concessionary loan 2.6% (all unchanged) · Extra interest: up to 2% more on the first $60,000 · Action needed: none, credited automatically
Why the floor matters
CPF's SMRA rate is pegged to the 12-month average yield of 10-year Singapore Government Securities plus 1%. CPF says that pegged rate remains below 4%, which means the floor is doing the work: without it, SA, MediSave and RA balances would earn less. CPF's stated reason for the extension is to give members certainty on their CPF returns amid an uncertain economic and interest rate environment.
CPF interest rates, 1 October to 31 December 2026
| Account | Rate (per annum) | Why |
|---|---|---|
| Ordinary Account (OA) | 2.5% | Pegged rate below the 2.5% floor |
| Special, MediSave and Retirement Accounts | 4% | Pegged rate below the 4% floor |
| HDB concessionary housing loan | 2.6% | Set at 0.1% above the OA rate |
All three are unchanged from the July to September quarter.
Extra interest on your first $60,000
| Age | Extra interest | Limit on OA money |
|---|---|---|
| Below 55 | +1% on the first $60,000 of combined CPF balances | Up to $20,000 of the $60,000 can come from OA |
| 55 and above | +2% on the first $30,000, +1% on the next $30,000 | Up to $20,000 from OA |
The extra interest earned on OA balances goes into your Special Account, or your Retirement Account if you are 55 or older. If you are above 55 and on CPF LIFE, the extra interest is still calculated on your combined balances, including the savings used for CPF LIFE.
The fine print
- Only the SMRA floor has an end date. The 2027 extension is for SA, MediSave and RA savings. The OA's 2.5% is a floor too, and the release changes nothing about it.
- Members 55 and above no longer have a Special Account. It was closed for them from January 2025, so for this group the 4% floor applies through the Retirement Account (and MediSave).
- The rates are reviewed every quarter. The October to December figures are confirmed; the 2027 quarterly rates will each be announced nearer the time, with 4% as the minimum for SMRA.
- CPF digital services are down for maintenance on 23 September 2026 from 12am to 5am, if you were planning to check your balance or make a top-up overnight.
What it means for you
- No action is needed. Interest is credited automatically.
- A voluntary SA or RA top-up still earns at least 4% through 2027, which is higher than most fixed deposits right now. That money is locked for retirement, so only top up what you will not need before then, and check the tax-relief caps first.
- HDB loan borrowers: your concessionary rate stays at 2.6% until at least 31 December 2026.
This is a summary of CPF Board's announcement, not financial advice. Confirm your own position with CPF Board before you move money.
Related
- CPF Special Account Explained
- Best CPF Top-Up Hacks in Singapore
- Best Fixed Deposit Rates in Singapore (2026)
- Pioneer Generation MediSave Top-Up 2026
*Source: CPF Board press release "Government extends 4% interest rate floor on Special, MediSave and Retirement Account monies until 31 December 2027", 22 September 2026. Rates can be revised by CPF Board each quarter. Cover image: MissLobang designed graphic based on CPF Board's announcement.*
