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Features and benefits. Child Development Account (CDA) Enjoy dollar-for-dollar Government co-matching. The Government will co-match every dollar you deposit into the CDA. Amount is capped based on your child's birth order. Get up to 2.40% interest a year. Enjoy 1.2% a year on the first S$10,000 and 2.4% a year for amounts above S$10,000.
- Mighty Savers Account
To earn a bonus interest of 0.05% a year, just save as...
- CDA Baby Bonus Card Privileges
Get exclusive privileges when you present your OCBC Baby...
- Mighty Savers Account
To earn a bonus interest of 0.05% a year, just save as little as S$50 a month and do not make any withdrawals. Upon fulfilling the criteria, you can also enjoy an additional 0.20% a year if you are an OCBC Child Development Account (CDA) holder. Here’s a breakdown of how much you can earn.
Get exclusive privileges when you present your OCBC Baby Bonus card at the following merchants. How to apply With OCBC Child Development Account (CDA), you are automatically entitled to a Baby Bonus Card. Receive more benefits with any of our approved partners.
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.
21 cze 2023 · OCBC CDA offers better interest rates at 2% p.a. after the first S$25,000 deposited with interest cap on balance. A wider range of benefits and perks are also available through their Baby Bonus Card: learning and playing, health, childcare, shopping and dining.
25 paź 2018 · However, you must have a OCBC CDA account in order to meet the requirements to get 0.4% p.a. interest, otherwise, you’ll only be able to qualify for up to 0.4% p.a. In the meantime, I’ll also be waiting for the other banks to see if they’ll up their game and offer more enticing child saving accounts.
30 lip 2024 · In addition to the baby bonus cash gift, your child will also qualify for a Child Development Account (CDA), which you can choose to open with one of the local banks – OCBC, DBS/POSB, or UOB. Parents can choose to save money in the Child Development Account (CDA) until their child turns 12.
