Simple is
life's greatest journey
made a little easier.

Being a parent is one of life's biggest joys and also one of its greatest journey. With the arrival of your newborn, there’s going to be a lot to juggle. So let us help with some of the little details by making it simple for you to earn, save and enjoy.
Because at POSB, we’re parents first, bankers second.

Enjoy the day out with your little one

Every little trip out with your baby can be a big adventure. That’s why we’re making it simple for you to enjoy the journey with a free Grab ride.
Because we’re parents first, bankers second..

Simple to Enjoy

Simple to Earn

2% p.a.

interest on CDA balance

S$140 cash gift

with any selected Regular Savings Insurance Plan

Simple to Save

Exclusive discounts at over

40 merchants

with the Baby Bonus NETS Card

Because your little one deserves the best!

The POSB Smiley Child Development Account (CDA) is a special savings account for your newborn with dollar-for-dollar matching from the government. With this account, you'll be able to:

Enjoy 2% p.a. interest with no minimum required


Apply Now

Balance in CDA Interest Earned

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

2% p.a.
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.

Find out more about dollar-for-dollar matching

Enjoy great benefits with your POSB Baby Bonus NETS Card

Exciting deals at over 40 merchants.

See all deals

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.

See all AIs

Start depositing your savings into your POSB Smiley CDA via internet banking!

Easily save for your kid's future with a POSBkids Account

A joint POSBkids Account comes with the opening of a POSB Smiley CDA, if you do not have one.

As parents too, we know you'll have your hands full with your newborn. So we've taken the initiative to open a POSBkids Account for you. Your POSBkids Account will be automatically enrolled with eStatement if you have an internet banking and official email address with us.

Activate your
POSBkids Account now!

Ways to apply

How to apply