CPF Interest if I am age 55 & Above

In 2016, if you are age 55 or above, the First $30,000 of your CPF Balance will receive a bonus +1%.
This bonus +1% is on top of the extra +1% given on your first $60,000 CPF balance.

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CPF +1% Interest for those age Below 55

If you are age 55 and above, the order of the bonus 1% interest goes like this:
1) Retirement Account (RA)
2) Ordinary Account* (OA)*
3) Special Account (SA)
4) Medisave Account (MA)

*Bonus 1% interest earned on your OA goes into your RA. The rest of the interest earned goes to the respective account (Eg; interest from MA amount goes into your MA)

Up to $20,000 comes from your Ordinary Account, the rest from Special & Medisave Accounts.
If your RA has $30,000 or more, the $30,000 will earn the full 1% bonus interest. No bonus interest will be given to the other accounts.

If you have less than $20,000 in your OA,

Eg1
RA earns 6% interest (4% +1% +1%)
OA earns 4.5% interest (2.5% +1% +1%)
SA earns 6% interest (4% +1% +1%)
MA earns 6% interest (4% 1% +1%)
Eg2
RA earns 6% interest (4% +1% +1%)
OA earns 4.5% interest (2.5% +1% +1%)
SA earns 6% interest (4% +1% +1%)
MA earns 5% interest (4% +1%)
Eg3
RA earns 6% interest (4% +1% +1%)
OA earns 4.5% interest (2.5% +1% +1%)
SA earns 5% interest (4% +1%)
MA earns 5% interest (4% +1%)

If you have $20,000 or more in your Ordinary Account,

Eg4
RA earns 6% interest (4% +1% +1%)
OA earns 4.5% interest (first $10k) & 3.5% (next $10k)
SA earns 5% interest (4% +1%)
MA earns 5% interest (4% +1%)
Eg5
RA earns 6% interest (4% +1% +1%)
OA earns 4.5% interest (first $10k) & 3.5% (remaining $10k)
SA earns 5% interest (first $20k) & 4% (remaining $5k)
MA earns 4% interest (4% +1%)
Eg6
RA earns 6% interest (4% +1% +1%)
OA earns 3.5% interest (2.5% +1%)
SA earns 5% interest (first $10k) & 4% (remaining $15k)
MA earns 4% interest


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