What is the CPF SMRA interest rate for 2025 and 2026?

CPF Special Account (SA) and Retirement Account (RA) Interest Rate for 2025

The Special Account (SA) interest rate is being phased out as the account closes for those aged 55 and above from January 2025. For those affected, contributions will flow to the Retirement Account (RA) instead.

For the Retirement Account (RA), which earns the SA rate (or the higher of the SA/OA rate, up to a ceiling), the knowledge provided specifies the following for 2025:

• Guaranteed Floor Rate: The interest rate for the Special Rate Interest (SRI) component, which applies to the first $60,000 of combined CPF balances (including up to $30,000 from OA), will have a guaranteed 4% floor for all of 2025 (as per the major CPF changes for 2025). This rate was previously 4.14% in the last quarter of 2024.
• RA Interest: Funds in the RA continue to earn the SA interest rate, which is currently pegged at a minimum of 4% (or the 12-month average of 10-year Singapore Government Securities (10YSGS) yield plus 1%, whichever is higher).

CPF Interest Rate for 2026

The provided knowledge base does not explicitly state the guaranteed interest rate floor for the RA/SA for the entirety of 2026. However, the general rule remains:

• The RA earns the SA interest rate (currently subject to a minimum of 4%).
• The Ordinary Account (OA) earns 2.5%.
• The first $60,000 of combined balances earns up to an extra 1% interest (4% total on the first $30,000 of OA, and 5% total on the first $30,000 of SA/RA balances, subject to the $60,000 cap).

Note on SA Closure: For individuals aged 55 and above in 2025, the SA closes. Any excess funds above the Full Retirement Sum (FRS) are transferred to the OA, which earns 2.5% (or the prevailing OA rate). Funds moved to the RA earn 4% but are permanently locked for CPF LIFE payouts starting from age 65. The RA interest rate is the primary rate applicable to retirement savings from 2025 onwards for this cohort.