Savings in the Ordinary Account (OA) earn the 3-month average of major local banks’ interest rates, subject to the legislated minimum interest of 2.5% per annum. This is reviewed quarterly.

 

Savings in the Special, MediSave and Retirement Account (SMRA) earn the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1%, subject to the current floor interest rate of 4% per annum. This is reviewed quarterly.

 

Please refer to the CPF interest rates and MOF website for more information.

 

 

Average banks' interest rate from May 2025 to July 2025	0.45% (see note)
CPF OA interest rate for October 2025 to December 2025	2.50% per annum (legislated minimum rate)
Plus: Fee to cover Cost of Loan Administration	0.10%
HDB mortgage rate for October 2025 to December 2025	2.60% per annum

 

Note:

	12-month deposit rate (% per annum)			Savings Rate (% per annum)			Average (% per annum)
Month / Year	DBS1	OCBC2	UOB3	DBS4	OCBC5	UOB6	Using the 80FD:20SD formula
31 May 2025	0.0500	0.1000	1.5000	0.0500	0.0500	0.0500	0.4500
30 June 2025	0.0500	0.1000	1.5000	0.0500	0.0500	0.0500	0.4500
31 July 2025	0.0500	0.1000	1.5000	0.0500	0.0500	0.0500	0.4500

 

¹Balances of $20,000 to < $50,000
²Balances > $20,000 to $50,000
³Balances < $50,000
⁴Balances > $10,000 to $100,000 (AUTO-SAVE Account)
⁵Entire Account Balance (EASI-SAVE Account) 
⁶Balances > $15,000 to $100,000 (UNIPLUS Account)

 

 

Average yield of 10YSGS from August 2024 to July 2025	2.64%
Plus: 1.00%	1.00%
Computed CPF SMRA interest rate for October 2025 to December 2025	3.64%
CPF SMRA interest rate floor for October 2025 to December 2025	4.00%
CPF SMRA interest rate for October 2025 to December 2025	4.00% per annum

 

Source: Yields of 10-Year Singapore Government Securities are obtained from mas.gov.sg/bonds-and-bills