4% CPF Interest Rate

From July 1 to Sept 30, CPF members will continue to receive interest of 4% on their Special and Medisave Accounts (SMA) savings.

The interest rate is pegged to the 12-month average yield of 10-year Singapore Government Securities (10YSGS) plus 1 per cent, adjusted quarterly. For the period June 1 2009 to May 31 this year, the 12-month average yield of the 10YSGS plus 1 per cent worked out to be 3.59 per cent.

The Government will maintain the 4% minimum rate until Dec 31. Beyond this date, interest rates on all CPF account monies will be subject to a minimum rate of 2.5% per annum.