At POSB, we’re here to support you every step of the way — starting with the POSB CDA, your baby’s very first bank account! Let us help your child take those first steps towards a more secure future.
Limited time only: Receive S$28 cash gift when you open a POSB CDA
Eligible customers will receive a S$28 cash gift into your Child Savings Account (Joint-Alternate My Account).
Promotion ends 30 Jun 2026.
Apply online
Please refer to the Terms & Conditions and Frequently Asked Questions for more details.
Give your baby the best start in life with the POSB Child Development Account (CDA)! Get up to 2% p.a. interest on balances up to S$50k and exclusive deals for all your family’s needs!
Your POSB Baby Bonus NETS Card entitles you to exclusive benefits at selected retailers.
Deposit Insurance SchemeSingapore 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$100,000 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$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
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