Simple to Enjoy

Free baby books

and membership at My Greatest Child
worth S$47.60


Exclusive discounts

at over 40 merchants

Simple to Earn

2% p.a.

interest on CDA balance


Free Nespresso coffee machine

with any selected Regular Endowment Plan

Simple to Save

3% Cash Rebate

on Local Medical Spend with POSB Everyday Card and PAssion POSB Debit Card


20% off

Precious Care personal accident plan and HomeShield home contents insurance plan

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