CPF Special, MediSave and Retirement Accounts’ interest rate falls to 4% for Q1 2025

THE interest rate for the Central Provident Fund’s (CPF) Special, MediSave and Retirement Accounts (SMRA) will fall to the floor rate of 4 per cent per annum for the first quarter of 2025 from Jan 1 to Mar 31, from the current quarter’s 4.14 per cent per annum.

This comes as the 10-year Singapore Government Securities that the SMRA interest rate is pegged to fetched a lower 12-month average yield, said the CPF Board, the Housing and Development Board (HDB) and the Ministry of Health on Wednesday (Dec 11). 

The Ordinary Account’s (OA) interest rate will stay unchanged at the floor rate of 2.5 per cent per annum for Q1 2025 as its pegged rate remains below the floor rate. 

The concessionary interest rate for HDB housing loans, pegged at 0.1 per cent above the OA interest rate, will remain unchanged at 2.6 per cent per annum for the period.