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  1. POSB Smiley Child Development Account (CDA) At a Glance. Earn higher interest rate. Start your baby’s savings on the right foot with higher interest. Receive Government benefits seamlessly. Enjoy the CDA First Step grant and Government dollar-to-dollar matching of your contributions. Get exclusive merchant deals.

    • My Account

      POSB Parents. Raising a family is never easy. Explore a...

    • Selected Retailers

      The POSB Baby Bonus Nets Card has to be presented upon...

    • Activate Now

      POSB Wealth Management DBS Treasures DBS Treasures Private...

    • Kids Protect

      Insure your child with Kids Protect from just $0.49 per day...

    • Children

      When should you start saving for retirement? Learn how you...

  2. Give your baby the best start in life with the POSB Child Development Account (CDA)! Get up to 2% p.a. interest on balances up to S$50k and exclusive deals for all your family’s needs! Apply online. With a POSB CDA, you can give your little one the best start in life. We offer perks like:

  3. Follow the steps for CDA opening. Check trustee and child’s information and submit the application. The CDA will be automatically opened instantly after the CDA trustee accepts the Terms and Conditions online.

  4. 3 lis 2022 · From being the worst to open your child’s CDA account with in 2021 (given their rates of 0.6% – 0.8% back then, as captured here), OCBC is now officially the best CDA account to open if you’re looking at current rates.

  5. 14 sie 2021 · Thus, it becomes a no-brainer to stick with POSB Smiley CDA, and that’s what we’ll be doing for baby #2 this July. If you’re expecting your 3rd, 4th or 5th child, you can also decide on which account is best given the interest rate calculations – POSB looks to be the clear winner here as well.

  6. 15 paź 2020 · What Is The Child Development Account? The Child Development Account (CDA) is part of the baby bonus scheme designed to help parents with the cost of raising children. These include a cash gift from the government and the CDA.

  7. The Baby Bonus Scheme is part of the Marriage and Parenthood Package and comprises the Baby Bonus Cash Gift and the Child Development Account (CDA) benefits. The current scheme for Singapore Citizen children whose date of birth is on or after 14 Feb 2023, is as follows:

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