Short summary The CPF Special Account (SA) closed for members aged 55 and above on 19 January 2025, with savings moved to the Retirement Account (RA) up to the applicable Full Retirement Sum (FRS) and any excess transferred to the Ordinary Account (OA). This means some former SA savings may now earn the lower OA interest rate, so members should review their housing needs, liquidity and retirement goals before deciding whether to keep, transfer or invest those funds. CPF permanently closed the Special Account (SA) for members aged 55 and above on 19 January 2025. The CPF SA closure moved SA savings into the Retirement Account (RA) and Ordinary Account (OA), depending on each member’s balance relative to the applicable Full Retirement Sum (FRS). The difference in interest rates is one of the biggest practical effects. According to the CPF Board, from 1 July to 30 September 2026, the OA earns 2.5% per annum while the RA earns 4% per annum....