CPF members who are at least 55 years old, will enjoy enhanced CPF savings. They can earn up to 6% interest per year on their retirement balances. This is part of the Government’s efforts to enhance the retirement savings of CPF members.

For CPF members who are aged 55 and above, an additional 1% interest per annum will be paid on the first $30,000 of their combined balances. This is paid over and above the current extra 1% interest that is earned on the first $60,000 of their combined balances. As a result, CPF members aged 55 and above will earn up to 6% interest per year on their retirement balances.

CPF: CPF Interest Rates