Child Development Account (CDA)

Choose Singapore’s no. 1 Baby Bonus Bank

We know you want the very best for your little one. That’s why we offer you more than any other bank. Have a look at all the exclusive benefits you’ll get.



on medical spend, on top of existing benefits with OCBC 365 Credit Card

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3% cashback on medical spends with your OCBC 365 Credit Card

You also get up to 6% cash back on local dining, and 3% on overseas dining, online shopping, groceries and recurring telco bills. Up to 18.3% on petrol at ESSO service stations.

Cashback amount is capped at S$80 per calendar month.


Cash Gift

into your OCBC CDA with MaxMaternity Care pregnancy protection plan

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Get S$108 cash gift when you purchase MaxMaternity Care

The first maternity insurance plan that covers mothers from as early as 13 weeks into pregnancy, and protects your baby from 18 congenital diseases and 8 types of pregnancy complications.

Up to



at participating merchants with the OCBC Baby Bonus Card

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Enjoy up to 50% off with the OCBC Baby Bonus Card

Enjoy savings and offers for learning courses, optical shops, kids’ activities, bookshops and more.

View all OCBC Baby Bonus Card offers

Up to


per annum

with the OCBC Monthly
Savings Account

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Up to 0.8% p.a. when you save with the OCBC Mighty Savers® Programme

Start saving for your child with the OCBC Monthly Savings Account – from as little as S$50 a month—and surprise your child with exciting gifts too.


Cash Gift

Into your OCBC CDA for your protection and endowment plans

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Get S$100 cash gift when you purchase Protection & Endowment Plans

It’s never too early to give your child a headstart in life. Learn how our Senior Investment Strategist, Vasu Menon creatively plans for his child as early as birth. Use our OCBC Education Planner to see how much you need to save for their tertiary education.

More about S$100 Cash gift


off premiums

for parent and child coverage under PA Protect, a personal accident plan

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Get 40% off PA Protect

It pays to be prepared for the unexpected. Purchase the adult plan along with the child plan, plus the child rider, and enjoy 40% off.

More about PA Protect

About the Child Development Account

The CDA is designed to give your child a head start in life by matching your savings dollar-for-dollar. With the OCBC CDA, you can get higher interests and extra benefits too.

  • 1

    Save any time until your child turns 12 – right up to December 31 of that year.

  • 2

    Your savings are matched dollar-for-dollar, up to the cap set by the Government.

  • Your savings in the CDA are matched dollar-for-dollar by the Government, up to the following limits:

  • Build Child Future

    S$6,000 each

    for 1st & 2nd child
    Child Development Savings Account illustration 1

    S$12,000 each

    for 3rd & 4th child

    S$18,000 each

    for 5th child and onwards
  • 3

    When your child turns 13, the unspent balance goes to their Post Secondary Education Account (PSEA), making it easier to pay education fees.

You can use the funds at any Baby Bonus Approved Instituition to pay for:


  • Child care centres, kindergartens and special education schools
  • Providers of early intervention programmes
  • Providers of assistive technology devices

Health care

  • Pay for your child's medical-related expenses or purchase MediShield or Medisave-approved private integrated plans

We know you will have your hands full after your child is born. That is why you may now do a pre-birth registration as early as 8 weeks before the estimated delivery date of your child at Baby Bonus Online.

Your child will automatically join the Baby Bonus Scheme upon birth registration, and his OCBC CDA will be opened within 3-5 working days.

Visit Baby Bonus Online to perform pre-birth registration today. Remember to select OCBC CDA!

Learn how the OCBC CDA can benefit your child

OCBC Child Development Account New Baby

Parents-to-be are you prepared for your new baby and new responsibilities?

Read More
OCBC Child Development Account Maximise

Are you maximising your child’s CDA baby bonus?

Read More

How to apply


Visit Baby Bonus Online and choose OCBC Child Development Account.

Important notices

Important Notes

Insurance policies will be underwritten by The Great Eastern Life Assurance Company or The Overseas Assurance Corporation Limited, each a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and are not bank deposits or obligations of, or guaranteed by OCBC Bank. Max is a registered trademark of The Overseas Assurance Corporation Limited. Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premiums paid. It is usually detrimental to replace an existing accident and health policy with a new one. A penalty may be imposed for early policy termination and the new policy may cost more or have less benefits at the same cost. If you decide that the policy is not suitable after purchasing it, you may terminate the policy in accordance with the free look provision, if any, and the insurer  may recover from you any expense incurred by the insurer in underwriting the policy.

From 1 August 2015 onwards. Terms and conditions apply.

Terms & Conditions
The promotion of 40% discount is only valid when you purchase the adult plan plus child plan plus child rider altogether, and is applicable to the first 12 months of your ShieldWise plan only.
Important Notes
ShieldWise is underwritten by The Overseas Assurance Corporation Limited, a wholly-owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group, and is not a deposit or obligation of, or guaranteed by OCBC Bank. You may wish to seek advice from a financial adviser before making a commitment to purchase an insurance policy. In the event that you choose not to seek advice from a financial adviser, you should consider whether the insurance policy in question is suitable for you.
This material is for general information only. It is not a contract of insurance. It does not constitute an offer to buy an insurance product or service. It is also not intended to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. A person interested in the insurance policies should read the product summary and benefit illustration (available from OCBC Bank) before deciding whether to buy this product. This policy is subject to the Payment Before Cover Warranty Clause which requires the payment to be paid and received on or before the inception date of the policy and endorsement.
It is usually detrimental to replace an existing accident and health plan with a new one. A penalty may be imposed for early plan termination and the new plan may cost more or have less benefits at the same cost.
No representation or warranty whatsoever in respect of any information provided herein is given by OCBC Bank and it should not be relied upon as such. OCBC Bank does not undertake an obligation to update the information or to correct any inaccuracy that may become apparent at a later time. All information presented is subject to change without notice. OCBC Bank shall not be responsible or liable for any loss or damage whatsoever arising directly or indirectly howsoever in connection with or as a result of any person acting on any information provided herein.

The insurance plans are protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or General Insurance Association (GIA) or SDIC websites ( or or

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$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.