CPF SMRA interest rate drops to 4% in Q1 2025

This is due to a decrease in the 12-month average yield of 10-year Singapore Government Securities.

The interest rate for the Central Provident Fund’s (CPF) Special, MediSave and Retirement Accounts (SMRA) will drop to 4% per annum from 1 January to 31 March 2025.

This is due to a decrease in the 12-month average yield of 10-year Singapore Government Securities (10YSGS) which the SMRA interest rate is pegged to.

Meanwhile, the ordinary account (OA) interest rate will remain unchanged at the floor rate of 2.5% per annum from 1 January to 31 March 2025.

CPF members will continue to earn extra interest on their CPF savings. Those aged below 55 will earn an extra 1% interest on the first $60,000 of their combined balances, whilst those aged 55 and above will earn an extra 2% interest on the first $30,000 and an extra 1% on the next $30,000.

The extra interest earned on OA balances will go into the member’s Special or Retirement Account. For members aged above 55 participating in CPF LIFE, the extra interest will still apply to their combined CPF balances, including savings used for CPF LIFE.

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