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Earn 2% p.a.* interest fixed for 5 years with a POSB Smiley Child Development Account (CDA).
Meet the baby bonus bank that’s ready to grow up with your child.
The POSB Smiley Child Development Account (CDA) is a special savings account for your newborn with dollar-for-dollar matching from the government.
Raising a kid is a lifelong journey and POSB is happy to be there with you every step of the way. Starting with the new POSB Smiley Child Development Account (CDA) that gives you 2% p.a.* interest on your savings, privileges at merchants islandwide and more!
Plus, to help you save time, a joint POSBkids account is created with your POSB Smiley CDA.
With this account, you’ll be able to earn 2% p.a. interest fixed for 5 years on your CDA Balance in CDA
- For 1st & 2nd child Up to a max. of S$12,000
- For 3rd & 4th child Up to a max. of S$24,000
- For 5th child and beyond Up to a max. of S$36,000
- Remaining balance above the maximum amount 0.05% p.a.
Your POSB Smiley CDA will be automatically enrolled with eStatement if you have an internet banking and official email address with us.
Enjoy great benefits with your POSB Baby Bonus NETS Card Exciting deals at over 30 merchants.
Pay for childcare or medical expenses at Approved Institutions (AIs) registered with the Ministry of Social and Family Development (MSF) via NETS or interbank GIRO.
Plus, receive a limited edition gift when you activate your POSBkids Account!
Other terms and conditions apply.
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