The Government will match every dollar you put in your POSB Smiley CDA.
If your eligible child is born on or after 17 August 2008:
You will be able to deposit savings in the CDA until 31 December in the year your child turns 12 years old. The unused balance in your child's CDA will be transferred to his or her Post-Secondary Education Account (PSEA) in the following year. These funds can then be used to pay for post-secondary education fees in Singapore for your child and his or her siblings.
More for your little one, from the government.
Read more here about other measures by our government to help you raise your child.