As CPF interest is computed monthly, your Special Account (SA) savings (excluding contributions and refunds received in the month) that are transferred to your Retirement Account (RA), up to the Full Retirement Sum, will earn RA interest for that month. The RA interest rate is the same as the SA interest rate.

 

Remaining SA savings that are transferred to your Ordinary Account (OA) will earn OA interest for that month. If you wish to earn the RA interest rate on these savings and receive higher retirement payouts, you may transfer your SA savings that were channelled to your OA, to the RA up to the  current year’s Enhanced Retirement Sum, after your SA has been closed. The amount transferred to your RA (excluding any new contributions and refunds received in the month) will earn the RA interest rate in the month of transfer¹ . For example, if you transfer your OA savings to your RA in June 2025, the amount transferred will earn the RA interest from June 2025. 

 

If you are receiving monthly employment contributions in your OA after age 55, consider setting up monthly recurring CPF transfers from your OA to your RA to earn higher interest on your CPF contributions.

 

Please note that CPF transfers are irreversible. The savings are set aside to boost your monthly payouts in retirement and cannot be withdrawn for other purposes.