ChildDevelopmentAccount

Child Development Account

Celebrate new beginnings and a journey of endless possibilities for your little ones.

Support your growing child’s needs

Earn higher interest

Earn higher interest

Enjoy up to 2% p.a. interest on your child's savings in the Child Development Account (CDA).

Receive CDA benefits

Receive CDA benefits

Receive the CDA First Step Grant of S$3,000 into the UOB CDA upon account opening. Every dollar in the CDA is matched by the Government, up to a maximum amount depending on the birth order of your child.

Pay for your child’s essentials

Pay for your child’s essentials

The account comes with a Baby Bonus Card, which can be used to make NETS or GIRO payments at approved institutions for your child’s education, healthcare and more.

Get started with 3 simple steps

Provide the best for your child with the benefits of a CDA.

1) Open your new account

Apply with your SingPass via MSF Baby Bonus website. Choose UOB when applying.

2) Receive the First Step Grant automatically

The grant amount of S$3,000 from the Government is automatically credited into the CDA.

3) Get dollar-for-dollar matching

The Government will match every dollar you save, up to a maximum amount depending on your child’s birth order.

Things you should know

Eligibility and fees
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Age
Child: 12 years old and below
Parent/Trustee: 18 years old and above
Nationality
Child: Singaporean
Parent/Trustee: Singaporean, Singapore PR or Foreigner
For Trustees who are Singaporeans/PRs
  • Apply for a CDA via Baby Bonus Online
  • Register as early as 2 months before the estimated delivery date of your child
For Trustees who are Foreigners/Third Party

Please check with the Ministry of Social and Family Development (MSF) on your child’s eligibility.

After the application has been approved by MSF, you may proceed to any UOB branch for account opening. You will require:

  • Authorisation letter from MSF
  • NRIC or Passport of parent/third party trustee
  • Birth Certificate or Citizenship Certificate or Passport of child

Important information on the use of UOB Accounts and Services

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.

Please refer to UOB Insured Deposit Register for a list of UOB accounts/products that are covered under the Scheme.

Ready to apply? Open your UOB CDA now.

Ready to apply? Open your UOB CDA now.

For Foreigners or Third Party Trustees, book an appointment at one of our branches to open your account.

    Make banking simpler with these services

    Track your CDA on the go

    Use UOB TMRW to view, manage and keep track of all your transactions.

    Enjoy the convenience of monthly eStatements

    Enjoy the convenience of monthly eStatements

    Go paperless with 5 years of stored electronic statements from the time you subscribe.

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