diff --git a/packages/toolkit/src/query/core/buildSelectors.ts b/packages/toolkit/src/query/core/buildSelectors.ts
index 4ca49fc3e..73cb73ad9 100644
--- a/packages/toolkit/src/query/core/buildSelectors.ts
+++ b/packages/toolkit/src/query/core/buildSelectors.ts
@@ -135,6 +135,11 @@ export function buildSelectors<
   const selectSkippedQuery = (state: RootState) => defaultQuerySubState
   const selectSkippedMutation = (state: RootState) => defaultMutationSubState
 
+  const aMemoizedSelector = createSelector(
+    () => {},
+    () => ({}),
+  )
+
   return {
     buildQuerySelector,
     buildMutationSelector,
@@ -169,7 +174,7 @@ export function buildSelectors<
     endpointName: string,
     endpointDefinition: QueryDefinition<any, any, any, any>,
   ) {
-    return ((queryArgs: any) => {
+    const memoized = aMemoizedSelector.memoize((queryArgs: any) => {
       const serializedArgs = serializeQueryArgs({
         queryArgs,
         endpointDefinition,
@@ -182,11 +187,15 @@ export function buildSelectors<
         queryArgs === skipToken ? selectSkippedQuery : selectQuerySubstate
 
       return createSelector(finalSelectQuerySubState, withRequestFlags)
-    }) as QueryResultSelectorFactory<any, RootState>
+    })
+    return Object.assign(
+      (arg: any) => memoized(arg),
+      memoized,
+    ) as QueryResultSelectorFactory<any, RootState>
   }
 
   function buildMutationSelector() {
-    return ((id) => {
+    const memoized = aMemoizedSelector.memoize((id) => {
       let mutationId: string | typeof skipToken
       if (typeof id === 'object') {
         mutationId = getMutationCacheKey(id) ?? skipToken
@@ -202,7 +211,11 @@ export function buildSelectors<
           : selectMutationSubstate
 
       return createSelector(finalSelectMutationSubstate, withRequestFlags)
-    }) as MutationResultSelectorFactory<any, RootState>
+    })
+    return Object.assign(
+      (arg: any) => memoized(arg),
+      memoized,
+    ) as MutationResultSelectorFactory<any, RootState>
   }
 
   function selectInvalidatedBy(
diff --git a/packages/toolkit/src/query/tests/buildCreateApi.test.tsx b/packages/toolkit/src/query/tests/buildCreateApi.test.tsx
index 9a443c935..aebd6d1a1 100644
--- a/packages/toolkit/src/query/tests/buildCreateApi.test.tsx
+++ b/packages/toolkit/src/query/tests/buildCreateApi.test.tsx
@@ -163,6 +163,6 @@ describe('buildCreateApi', () => {
     )
 
     // select() + selectFromResult
-    expect(memoize).toHaveBeenCalledTimes(8)
+    expect(memoize).toHaveBeenCalledTimes(4)
   })
 })
diff --git a/packages/toolkit/src/query/tests/buildSelector.test.ts b/packages/toolkit/src/query/tests/buildSelector.test.ts
new file mode 100644
index 000000000..ea6f12db0
--- /dev/null
+++ b/packages/toolkit/src/query/tests/buildSelector.test.ts
@@ -0,0 +1,124 @@
+import {
+  buildCreateApi,
+  coreModule,
+  createApi,
+  fetchBaseQuery,
+  reactHooksModule,
+} from '@reduxjs/toolkit/query/react'
+import { setupApiStore } from '../../tests/utils/helpers'
+import {
+  createSelectorCreator,
+  lruMemoize,
+  type weakMapMemoize,
+} from 'reselect'
+import { assertCast } from '../tsHelpers'
+
+describe('buildSelector', () => {
+  interface Todo {
+    userId: number
+    id: number
+    title: string
+    completed: boolean
+  }
+
+  type Todos = Array<Todo>
+
+  const exampleApi = createApi({
+    baseQuery: fetchBaseQuery({
+      baseUrl: 'https://jsonplaceholder.typicode.com',
+    }),
+    endpoints: (build) => ({
+      getTodos: build.query<Todos, void>({
+        query: () => '/todos',
+      }),
+      getTodo: build.query<Todo, string>({
+        query: (id) => `/todos/${id}`,
+      }),
+    }),
+  })
+
+  const store = setupApiStore(exampleApi)
+  it('should memoize selector creation', () => {
+    expect(exampleApi.endpoints.getTodo.select('1')).toBe(
+      exampleApi.endpoints.getTodo.select('1'),
+    )
+
+    expect(exampleApi.endpoints.getTodo.select('1')).not.toBe(
+      exampleApi.endpoints.getTodo.select('2'),
+    )
+
+    expect(
+      exampleApi.endpoints.getTodo.select('1')(store.store.getState()),
+    ).toBe(exampleApi.endpoints.getTodo.select('1')(store.store.getState()))
+
+    expect(exampleApi.endpoints.getTodos.select()).toBe(
+      exampleApi.endpoints.getTodos.select(undefined),
+    )
+  })
+  it('exposes memoize methods on select (untyped)', () => {
+    assertCast<
+      typeof exampleApi.endpoints.getTodo.select &
+        Omit<ReturnType<typeof weakMapMemoize>, ''>
+    >(exampleApi.endpoints.getTodo.select)
+
+    expect(exampleApi.endpoints.getTodo.select.resultsCount).toBeTypeOf(
+      'function',
+    )
+    expect(exampleApi.endpoints.getTodo.select.resetResultsCount).toBeTypeOf(
+      'function',
+    )
+    expect(exampleApi.endpoints.getTodo.select.clearCache).toBeTypeOf(
+      'function',
+    )
+
+    const firstResult = exampleApi.endpoints.getTodo.select('1')
+
+    exampleApi.endpoints.getTodo.select.clearCache()
+
+    const secondResult = exampleApi.endpoints.getTodo.select('1')
+
+    expect(firstResult).not.toBe(secondResult)
+
+    expect(firstResult(store.store.getState())).not.toBe(
+      secondResult(store.store.getState()),
+    )
+  })
+  it('uses createSelector instance memoize', () => {
+    const createLruSelector = createSelectorCreator(lruMemoize)
+    const createApi = buildCreateApi(
+      coreModule({ createSelector: createLruSelector }),
+      reactHooksModule({ createSelector: createLruSelector }),
+    )
+
+    const exampleLruApi = createApi({
+      baseQuery: fetchBaseQuery({
+        baseUrl: 'https://jsonplaceholder.typicode.com',
+      }),
+      endpoints: (build) => ({
+        getTodos: build.query<Todos, void>({
+          query: () => '/todos',
+        }),
+        getTodo: build.query<Todo, string>({
+          query: (id) => `/todos/${id}`,
+        }),
+      }),
+    })
+
+    expect(exampleLruApi.endpoints.getTodo.select('1')).toBe(
+      exampleLruApi.endpoints.getTodo.select('1'),
+    )
+
+    expect(exampleLruApi.endpoints.getTodo.select('1')).not.toBe(
+      exampleLruApi.endpoints.getTodo.select('2'),
+    )
+
+    const firstResult = exampleLruApi.endpoints.getTodo.select('1')
+
+    const secondResult = exampleLruApi.endpoints.getTodo.select('2')
+
+    const thirdResult = exampleLruApi.endpoints.getTodo.select('1')
+
+    // cache size of 1
+    expect(firstResult).not.toBe(thirdResult)
+  })
+})