CPF Interest Rates (01 Jan 2010 to 31 Dec 2010) (reviewed yearly)
Retirement Account	4.00% p.a.

For Ordinary Account (OA), CPF members receive a market-related interest rate based on the 12-month fixed deposit and month-end savings rates of the major local banks.

To help members cope with the current economic climate, the Government will maintain the 4% floor rate for interest earned on all Special and Medisave Accounts (SMA) monies and Retirement Account (RA) monies for another year until 31 December 2010. After which, a 2.5% floor rate will apply for all CPF accounts.

Since 1 January 2008, savings in the SMA have been invested in Special Government Securities (SSGS) which earn a quarterly-adjusted interest rate pegged to the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%.

From 1 January 2010, RA savings will be invested in SSGS which earn a fixed coupon equal to the 12-month average yield of the 10YSGS plus 1% at the first point of issuance in the year. The interest rate to be credited to the RA will be the weighted average interest of the entire portfolio of these SSGS, and adjusted yearly in January.

In addition, an extra 1% interest will be paid on the first $60,000 of a member's combined balances, with up to $20,000 from the OA. The extra interest from the OA will go into the member's Special or Retirement Account to improve his retirement savings.

Under the CPF Act, the Board pays interest at a minimum rate of 2.50% per annum. CPF interest is computed monthly, compounded and credited annually.

Details on how CPF interest rates are computed can be found in News Releases.

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CPF Interest Rates 1955 - 2009 (0.01MB)