Singapore extends 4% CPF interest floor through 2027
Singapore will extend the 4% interest-rate floor for Special, MediSave and Retirement Account savings through 2027. The Ordinary Account rate remains 2.5%, while the floor provides certainty when benchmark rates are lower.
By DoomRadar · Published on DoomRadar . Updated .
What happened
The 4% floor for Singapore CPF Special, MediSave and Retirement accounts will apply from 1 January through 31 December 2027. [1][2][3]
References for this detail (3)
- Floor interest rate for CPF Special, MediSave and Retirement accounts to remain at 4% for 2027channelnewsasia.com · Recorded source date: Sep 22, 2026, 3:16 AM UTC
- Gov't extends 4% CPF interest floor to 2027 | Singapore Business Reviewsbr.com.sg · Recorded source date: Sep 22, 2026, 7:02 AM UTC
- CPF extends 4% interest floor rate on Special, Medisave and Retirement accounts till end-2027asiaone.com · Recorded source date: Sep 22, 2026, 4:47 AM UTC
The Special, MediSave and Retirement Account rate will remain 4% in the fourth quarter because the pegged rate is below the floor. [1][2][3]
References for this detail (3)
- Floor interest rate for CPF Special, MediSave and Retirement accounts to remain at 4% for 2027channelnewsasia.com · Recorded source date: Sep 22, 2026, 3:16 AM UTC
- Gov't extends 4% CPF interest floor to 2027 | Singapore Business Reviewsbr.com.sg · Recorded source date: Sep 22, 2026, 7:02 AM UTC
- CPF extends 4% interest floor rate on Special, Medisave and Retirement accounts till end-2027asiaone.com · Recorded source date: Sep 22, 2026, 4:47 AM UTC
The CPF Ordinary Account rate will remain 2.5% for the same quarter and period covered by the announcement. [1][2]
References for this detail (2)
- Floor interest rate for CPF Special, MediSave and Retirement accounts to remain at 4% for 2027channelnewsasia.com · Recorded source date: Sep 22, 2026, 3:16 AM UTC
- Gov't extends 4% CPF interest floor to 2027 | Singapore Business Reviewsbr.com.sg · Recorded source date: Sep 22, 2026, 7:02 AM UTC
The CPF Board and Housing and Development Board said the extension provides certainty on CPF returns amid an uncertain economic and interest-rate environment. [1][3]
References for this detail (2)
- Floor interest rate for CPF Special, MediSave and Retirement accounts to remain at 4% for 2027channelnewsasia.com · Recorded source date: Sep 22, 2026, 3:16 AM UTC
- CPF extends 4% interest floor rate on Special, Medisave and Retirement accounts till end-2027asiaone.com · Recorded source date: Sep 22, 2026, 4:47 AM UTC
Context from the sources
The SMRA rate is pegged to the 12-month average yield of 10-year Singapore Government Securities plus 1%, while the OA rate uses a separate benchmark and floor. [2][3]
Explore the sources and reporting timeline
3 source links · 3 domains
These counts describe the references, not independent confirmations. Different outlets can repeat the same original report.
Source timeline
Oldest to newest among the available source dates, not a chronology of the incident. Article publication dates come from the source; other recorded dates may reflect when a link was found.
- [1] Floor interest rate for CPF Special, MediSave and Retirement accounts to remain at 4% for 2027channelnewsasia.comReferenced for: detail 1, detail 2, detail 3, detail 4
- [3] CPF extends 4% interest floor rate on Special, Medisave and Retirement accounts till end-2027asiaone.comReferenced for: detail 1, detail 2, detail 4
- [2] Gov't extends 4% CPF interest floor to 2027 | Singapore Business Reviewsbr.com.sgReferenced for: detail 1, detail 2, detail 3
What this could mean for you
CPF members holding SMRA savings can continue receiving at least 4% annually through 2027 under the announced floor, even if the relevant benchmark remains below it.
The unchanged 2.5% OA rate keeps the credited return stable for members whose savings are in that account, while HDB concessionary loans remain linked to the OA rate where applicable.
Possible consequences, not a forecast. Their relevance depends on your location and the conditions above.
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Still unclear
The sources do not establish whether benchmark rates will rise above the floors during 2027.
The announcement does not quantify the fiscal cost of maintaining the floors.
Market implications
Market impact
Sources (3)
References for the reported details. Separate links do not necessarily mean independent confirmation.
Available excerpt
This extension will help members grow their retirement savings, providing them with certainty on their CPF returns amid the uncertain economic and interest rate environment,…A short excerpt from our source record; open the original for the full article.
Available excerpt
The Ordinary Account interest rate will remain at 2.5% per annum over the same period. The government will extend the 4% interest rate floor for…A short excerpt from our source record; open the original for the full article.
Available excerpt
Interest rates for the various Central Provident Fund (CPF) accounts — Special, Medisave and Retirement Accounts (SMRA) — will remain at the 4 per cent…A short excerpt from our source record; open the original for the full article.
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