
Child Development Account (CDA)
Celebrate new beginnings and a journey of endless possibilities for your little ones.
Support your growing child’s needs
Earn higher interest
Enjoy up to 2% p.a. interest on your child's savings in the Child Development Account (CDA).

Receive Child Development Account (CDA) benefits
Receive the Child Development Account (CDA) First Step Grant (S$3,000) automatically credited into your UOB Child Development Account (CDA) upon account opening. Every dollar in the Child Development Account (CDA) is matched by the Government, up to a maximum amount depending on the birth order of your child.
Get started with 3 simple steps
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 Child Development Account (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.
Here’s how a Child Development Account (CDA) can benefit you
- Child order
- First Step Grant
- Dollar-for-dollar matching
Child order | Child Development Account (CDA) Benefits from Government | Maximum Child Development Account (CDA) benefits | ||
First Step Grant | Dollar-for-dollar matching | |||
1st child | S$3,000 | S$3,000 | S$6,000 | |
2nd child | S$6,000 | S$9,000 | ||
3rd & 4th child | S$9,000 each | S$12,000 each | ||
5th child onwards | S$15,000 each | S$18,000 each |
You can use the Child Development Account (CDA) funds anytime from your child’s birth, till 31 Dec of the year your child turns 12. Thereafter, the unused balance will be transferred to their Post-Secondary Education Account (PSEA) to pay for their tertiary education.
Earn even more savings for your child
-
Account balance
-
Interest rates (p.a.)
Account balance | Interest rates (p.a.) |
First S$25,000 | 1.00% |
Next S$25,000 | 2.00% |
Above S$50,000 | 0.05% |
Account balance |
First S$25,000 |
Next S$25,000 |
Above S$50,000 |
Things you should know
Eligibility and fees
Age
Child: 12 years old and belowParent/Trustee: 18 years old and above
Nationality
Child: SingaporeanParent/Trustee: Singaporean, Singapore PR or Foreigner
Actions or documents required
For Trustees who are Singaporeans/PRs
- Apply for a Child Development Account (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 notice
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 Child Development Account (CDA) now.
Ready to apply? Open your UOB Child Development Account (CDA) now.
For Singaporeans / PRs, you can apply for Child Development Account (CDA) via MSF Baby Bonus website.
For Foreigners / Third Party Trustees, please bring along the Letter of Authorisation sent by MSF to any UOB branch to complete the Child Development Account (CDA) opening process.
Make banking simpler with these services

Track your Child Development Account (CDA) on the go
Use UOB TMRW to view, manage and keep track of all your transactions.

Enjoy the convenience of monthly eStatements
Go paperless with 5 years of stored electronic statements from the time you subscribe.
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