CPF SA Interest Rate 2026 Singapore

CPF Special Account (SA) Interest Rate 2026 Singapore: Complete Guide

The CPF Special Account (SA) was a key component of Singapore retirement savings, earning the highest base interest rate among CPF accounts. In 2025, the CPF Board closed the SA for members below age 55 as part of a retirement system restructuring. Understanding the SA interest rate history and its implications remains important for Singaporeans. This is not financial advice.

CPF Special Account Interest Rate (Historical)

Year SA Interest Rate Notes
2020-2022 4.0% p.a. Floor rate maintained
2023 4.08% p.a. (Q1-Q2) Above floor briefly
2024 4.0-4.05% p.a. Near-floor
2025 (pre-closure) 4.0% p.a. SA closed for members below 55 in early 2025

How CPF SA Interest Was Calculated

The SA interest rate was pegged to the 12-month fixed deposit and savings rates of major local banks, subject to a guaranteed floor of 4% per annum. The first S0,000 of combined CPF balances (up to S0,000 from OA) earned an extra 1% per annum — effectively giving SA balances a 5% return up to that threshold.

The SA Closure in 2025 and What Happened to Balances

From early 2025, Singaporeans below age 55 had their CPF Special Account closed. SA balances up to the current FRS were earmarked for transfer to the RA at 55. Excess SA funds above the FRS were transferred to the OA. The RA earns the same 4% floor interest as the former SA, preserving the retirement savings function. Members can no longer perform OA-to-SA transfers or use the CPF SA Shielding strategy.

What Members Should Do Now

With the SA closed, members below 55 focus on building OA and MediSave balances while making voluntary CPF top-ups to the RA via RSTU if 55 or older. For those below 55, SRS contributions and CPFIS investment of OA funds in diversified assets such as Singapore REIT ETFs or direct S-REITs can supplement the guaranteed CPF OA return of 2.5%. Use our CPF OA SA Allocation Calculator to model optimal allocation.


Frequently Asked Questions

What is the CPF SA interest rate in 2026?
The CPF Special Account was closed for members below age 55 in 2025. Before closure, the SA earned a minimum 4% per annum (floor rate). The Retirement Account, which replaced the SA retirement savings function, continues to earn at least 4% p.a.
Why was the CPF Special Account closed?
The CPF SA was closed for members below 55 as part of a CPF system restructuring to simplify the account structure. The RA now plays the primary retirement savings role, earning the same 4% floor interest and consolidating pre-retirement savings with the retirement payout mechanism through CPF LIFE.
What happened to my CPF SA balance after the closure?
SA balances up to the FRS were earmarked for transfer to the RA at age 55. Excess SA funds above the FRS were transferred to the OA. Members who had invested SA funds via CPFIS retained those investments until liquidation, at which point proceeds would return to CPF OA.
Can I still earn 4% on my CPF savings?
Yes. The CPF Retirement Account (RA) earns a minimum 4% per annum — the same as the former SA. Members above 55 who actively top up their RA (up to ERS) benefit from this guaranteed return through CPF LIFE, which converts RA savings into lifelong monthly payouts from age 65.
Is CPF SA shielding still possible in 2026?
No. The SA closure for members below 55 has made CPF SA shielding strategies obsolete. Members who had previously shielded SA funds via CPFIS investments retain those positions, but no new SA shielding can be initiated. Retirement planning now centres on RSTU top-ups, SRS contributions, and CPFIS investments from OA funds.