CPF
What is CPF Special Account (SA)?
A CPF account for retirement savings that earns around 4% a year. From 2025 the Special Account is closed for members aged 55 and above: their SA savings were moved into the Retirement Account up to the Full Retirement Sum, with any excess going to the Ordinary Account.
A higher-interest retirement account
The Special Account is built for retirement and earns around 4% a year — roughly 1.5 percentage points more than the Ordinary Account — plus the extra 1% that applies to the first $60,000 of your combined CPF balances. You cannot spend it on housing the way you can with OA; its job is to compound quietly until you retire.
Closed from age 55 (2025 change)
Since early 2025 the Special Account is closed for members aged 55 and above. When you turn 55, your SA savings are moved into your Retirement Account up to the Full Retirement Sum, and any excess goes to your Ordinary Account, where you can withdraw it. Before 55, you can still grow your SA through OA-to-SA transfers and cash top-ups to earn the higher rate — but these are irreversible, so only move money you are sure you won’t need before retirement.