Receive a Welcome Bundle worth more than S$200 with OCBC CDA. Click here to learn more

Child Development Account (CDA)

It’s the little things that count

Why you will love this

Earn 2% p.a. interest on the first S$36,000

Enjoy up to 50% discount at more than 30 merchants

Receive a Welcome Bundle worth more than S$200

Who should apply

Lawfully married couples with Singaporean children

Children of unwed parents can enjoy CDA benefits if they were born on, or after 1 September 2016

Every little help counts so you can focus on the big moments. As part of the Baby Bonus Scheme, OCBC CDA lightens the cost of raising your child with dollar-for-dollar matching from the government.

Benefits

2%

interest rate per year

Interest

Enjoy 2% per year on the first S$36,000 in your child’s CDA and 0.05% per year thereafter.

Stand to earn this interest rate on the first S$36,000 in your child’s CDA and 0.05% per year thereafter.

up to 50%

discount over 30 merchants

Perks

Enjoy discounts with the OCBC Baby Bonus Card at more than 30 merchants, from celebrations, education or entertainment for your child.

View offers

Enjoy exclusive discounts with the OCBC Baby Bonus Card at more than 30 merchants. Use it on celebrations, education or child care for your child.

View offers

up to 0.80%

interest rate per year

Save

Set aside monetary gifts your child has received into their Mighty Savers® Account and let them grow together.

Learn more

Set aside monetary gifts your child has received into their Mighty Savers® Account and let them grow together.

Learn more
how cda works

From your child's birth right up till the end of their 12th year, enjoy savings matched dollar-to-dollar from the government, so you get to earn the most for your child.

Child Order Government First
Step Grant
1st & 2nd S$3,000
3rd & 4th S$3,000
5th & beyond S$3,000
+
Government dollar-for-dollar matching
S$3,000
S$9,000
S$15,000
=
Maximum CDA Benefit
S$6,000
S$12,000
S$18,000

Child Order

S$3,000

Government First Step Grant

Everyone enjoys this base interest

+

S$3,000

Government dollar-for-dollar matching

Everyone enjoys this base interest

=

S$6,000

Maximum CDA Benefit

Everyone enjoys this base interest

S$3,000

Government First Step Grant

Everyone enjoys this base interest

+

S$9,000

Government dollar-for-dollar matching

Everyone enjoys this base interest

=

S$12,000

Maximum CDA Benefit

Everyone enjoys this base interest

S$3,000

Government First Step Grant

Everyone enjoys this base interest

+

S$15,000

Government dollar-for-dollar matching

Everyone enjoys this base interest

=

S$18,000

Maximum CDA Benefit

Everyone enjoys this base interest

CDA funds can only be used at approved institutions. When your child turns 13, the unspent balance goes to their Post Secondary Education Account (PSEA), making it easier to pay education fees.

Promotions

Being a parent brings you more gifts. Sign up for an OCBC CDA and be rewarded with a Welcome Bundle worth over S$200 from our partners.

Novotel Resorts in Thailand

1-night complimentary stay at Novotel Hua Hin Cha Am Beach Resort & Spa or Novotel Phuket Surin Beach Resort worth up to S$140

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Terms and Conditions

  • Each Eligible Customer will be issued a Unique Promo Code to redeem the Privilege, by filling in a form on a landing page created by Destination Resorts. The reservation teams of Destination Resorts will then handle the confirmation of the booking internally.
  • The Unique Promo Code is valid 1 year from the date of issuance.
  • Each Unique Promo Code can only be redeemed once.
  • Upon Room Availability.
  • Flights not included.
  • Breakfast not included.
  • Accommodation for 2 Adults & 2 Children. Children below 16 years old.
  • Special Novotel Hua Hin restrictions: Not available during Saturdays & public holidays.
  • Blackout dates for Novotel Hua Hin Hua Hin: Jul 25-28 2019 / Aug 9-15 2019 / Oct 23-26 2019 / Dec 05-08 2019 / Dec 20-31 2019 / Jan 01-03 2020 / Jan 20-31 2020 / Feb 01-05 2020 / Mar 06-09 2020 / Apr 03-21 2020 / Apr 20, 2020 / May 01-03 2020 / Jul 04-05 2020 / Jul 28 2020 / Aug 12 2020 / Oct 13 2020 / Oct 23-24 2020 / Dec 05-07 2020 / Dec 10 2020/ Dec 23-31 2020.
  • Blackout dates for Novotel Phuket Surin Beach Resort: Oct 1-10 2019 / Dec 20 2019-Jan 2 2020 / Jan 20-31 2020 / Oct 02-07 2020 / Dec 20-31 2020.
  • Contact information:
  • Novotel Hua Hin Cha Am Beach Resort & Spa: rsvn@novotelhuahin.com or by phone at +66 32 708 300
  • Novotel Phuket Surin Beach Resort: HA3X1-RE@accor.com or by phone at +66 76 303 300
  • OCBC shall not be responsible for the quality, merchantability or fitness for any aspect of the offer. Notwithstanding anything herein, OCBC shall not at any time be responsible or held liable for any defect or malfunction in any offer, and/or for any loss, injury, damage or harm suffered or incurred by or in connection with the use of any offer by any person.

FairPrice

  1. S$8 off with purchase of S$50 worth of Tollyjoy products
  2. S$5 off with purchase of S$40 worth of the following Pampers products:
    • Pampers Premium Care Diapers – S (4 – 8kg)
    • Pampers Premium Care Diapers – New Born (5kg)
    • Pampers Baby Dry Diapers – New Born (5kg)
    • Pampers Baby Dry Diapers – S (4 – 8kg)
  3. S$1 off a pack of F&N Magnolia Fresh Milk – Kurma
  4. S$10 off with purchase of S$100 worth of BOVE brands
  5. BOVE MAM Baby Starter Kit at S$76.42 (U.P. $89.90)
  6. BOVE Spring Maternity Nursing Gift Box consisting of the following items at S$139 (U.P. S$171.50):
    • MADALENE Nursing Camisole H.Grey
    • MAIA Microfibre Bra Black
    • MAIA Microfibre Bra Nude
    • SB Lacy Lucy Nursing Pads 60 pcs
    • Unimom New TS Milkbag 100 pcs
  7. BOVE Upang UV Sterilizer + Pipper Standard Baby & Family Care Pack consisting of the following items at S$449 (U.P. $560.50):
    • Upang Plus UV Steriliser Grey
    • PiPPER Laundry Detergent Lemongrass 900ml
    • PiPPER Fabric Softener Floral 900ml
    • PiPPER Dish Washing Liquid Citrus 900ml
    • PiPPER Bottle N Nipple Cleaner Gentle Fresh 500ml
    • PiPPER Floor Cleaner Lavender 800ml
  8. Free Pigeon Baby Laundry Softener (JPN) with Fragrance 600ml (worth S$13.90) with purchase of S$80 worth of Pigeon products
  9. Free 2 x Abbott Similac Mum sample sachets (worth $2.80)

Please note:
Promo codes for offers 1 – 4, 8, 9 cannot be used in conjunction with each other.
Offer 9 requires at least a $0.10 spend in the cart to check out.

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Terms and Conditions

Promo Codes

  • Offers are for OCBC CDA sign-ups from 1 October – 31 December 2019 only.
  • Each Eligible Customer will be issued a Unique Promo Code for each Privilege, to be applied to cart at check-out on the FairPrice Website and/or FairPrice Mobile App to enjoy the Privilege.
  • Each Unique Promo Code can only be redeemed once per user.
  • Unique Promo Codes for offers above are valid till 31 May 2020.
  • Promo codes for offers 1 - 4, 8, 9 cannot be used in conjunction with each other.
  • The promo codes are not exchangeable for cash, kind or other products and services.

Prices, purchases and delivery

  • All prices listed are in Singapore Dollars.
  • Offer 9 requires at least a $0.10 spend in the cart in order to check out.
  • Free Home Delivery with minimum net value in cart. Minimum purchase amount for free Home Delivery service may differ for promotional periods. The minimum net value in-cart for free Home Delivery will be in accordance to that stated on the FairPrice website.
  • There is a bulk order charge of $26.75 (incl. GST) for every order with more than 600 items purchased.
  • Delivery date and time are subjected to availability.
  • Delivery service is only available in the main island of Singapore. It is not available to any of the outlying islands.
  • Customer needs to be present to receive the delivered items. There will be a re-delivery charge of $12.84 (incl. GST) imposed after the unsuccessful first delivery. The re-delivery charge is to be handed over to the delivery man.
  • There is a cancellation charge of $20 (incl GST) for normal orders and $30 (incl GST) for bulk orders.
  • FairPrice shall not be liable for any damage or missing items for customers who wish to have their purchases left outside their home.

Others

  • FairPrice reserves the rights to vary/amend the privileges or terms and conditions of this promotion without prior notice. For any enquiries, please contact our FairPrice Team by submitting an enquiry at www.fairprice.com.sg/support.
  • OCBC shall not be responsible for the quality, merchantability or fitness for any aspect of the offer. Notwithstanding anything herein, OCBC shall not at any time be responsible or held liable for any defect or malfunction in any offer, and/or for any loss, injury, damage or harm suffered or incurred by or in connection with the use of any offer by any person.

Thomson Chinese Medicine

S$70 for baby’s first time consult and massage at Thomson Chinese Medicine

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Terms and Conditions

  • Each Eligible Customer will be issued a Unique Promo Code, to be quoted when making an appointment.
  • The Unique Promo Code is valid 1 year from the date of issuance.
  • Each Unique Promo Code can only be used once.
  • Redemption of Privilege is strictly by appointment only. Walk-ins will not be fulfilled.
  • Not applicable with any other on-going promotions unless otherwise stated.
  • OCBC shall not be responsible for the quality, merchantability or fitness for any aspect of the offer. Notwithstanding anything herein, OCBC shall not at any time be responsible or held liable for any defect or malfunction in any offer, and/or for any loss, injury, damage or harm suffered or incurred by or in connection with the use of any offer by any person.
GET YOUR WELCOME BUNDLE

1

Register online for the OCBC CDA Welcome Bundle

2

Open an OCBC CDA

3

Eligible customers will receive unique promo codes for each offer via email
highlights for you

Raising a child is no piece of cake. Let OCBC assist your parenting journey with these products – specially curated for parents.

Dining

Enjoy more fuss-free dinners with 6% cashback on online food deliveries using the OCBC 365 Credit Card.

Groceries

Prepare healthier meals at home and earn up to 12% rebates at FairPrice stores with the NTUC/OCBC Plus! Visa Card.

Wellness

Ensure that your baby is protected with GREAT SupremeHealth. Parents insured under GREAT SupremeHealth enjoy 15% off the first year premium for your child on additional private insurance coverage.

before you apply

Important notices


Ways to apply

Open your OCBC Child Development Account today

FAQs & guides
Common Questions
How can I use my child’s OCBC CDA funds for education-related expenses?

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

  • Child care centres, kindergartens and special education schools
  • Providers of early intervention programmes
  • Providers of assistive technology devices
How can I use my child’s OCBC CDA funds for healthcare-related expenses?

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

  • Pay for your child's medical-related expenses or purchase MediShield or Medisave-approved private integrated plans
Can I apply for OCBC CDA prior to the birth of my child?

We know that you will have your hands full after your child is born; hence you can apply online via Baby Bonus Online 8 weeks before the estimated delivery date of your child. Your child will automatically join the Baby Bonus Scheme upon birth registration and his OCBC CDA will be opened within 3-5 working days.

However if you are early in your pregnancy and would like to secure your Welcome Bundle, you may register your interest first.

Do I have to open an OCBC CDA during the promotion period to receive the Welcome Bundle?

Yes. Customers who opened their OCBC CDA before the Promotion Period will not be eligible to receive the Welcome Bundle.

I have opened my child’s CDA with another bank. Will I be able to enjoy the promotion if I switch over to OCBC?

Yes, if you fulfil the eligibility criteria for the promotion.

How will I be notified if I am eligible?

An electronic direct mailer (eDM) with the offer redemption details will be sent to the email address listed in the bank’s records within 60 days of account opening.

Can I get more than one Welcome Bundle?

No, you may only redeem one gift per account.

Can I pass the offers to others or exchange them if I am not planning to use them?

Yes, but the Unique Promo Codes may only be used once and cannot be exchanged for cash, credit or other benefits.