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POSB Kids Account
At a Glance
Teach your child the importance of savings with our POSB kids account. You can get everything you need for your child’s savings here.
Kindly note that the existing ePOSBkids Account is replaced by My Account.
Features of My Account
- Earn daily interest.
- No minimum deposit and fall-below fee.
- Monthly eStatements for you to track your transactions and account balance.
- Waiver of coin deposit fee until your child turns 16 years old.*
*Waiver is limited to first 1000 pieces per calendar month at the coin deposit machine.
Benefits of My Account
S$1 Gift Deposit
Complimentary POPULAR 1-Year Student Membership NEW
- For child age below 16 years old at the point of account opening.
- A redemption email sent to customer’s registered email address within 1 week after the account is opened.
|Enjoy exclusive POPULAR Privileges such as |
Growing together with you and your child
As your child grows, their needs grow too. There’s no need to juggle multiple accounts when that happens, as My Account evolves with you and your child throughout your life stages.
Explore features such as digital banking with PayLah!, and multi-currency capabilities in the future. Simply customise My Account any way you like, by adding on features and services as and when you need them.
Click below for the full suite of My Account features.
For account opening for child, please prepare the following required documents prior to your application.
Join Our Online Community
Heard of our exclusive online community for parents?
Join a supportive and positive space for parents to teach, provide and nurture their family bonds through events and discussions on family financial planning and parenting tips.
Please refer to the Deposits Guide for the list of fees applicable.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.