Get a Mickey Mouse-themed hooded towel when you sign upFind out more
Looking for an account for your child to receive their Child Credits (SG Child Support Package)?
If you have an CSA, your child can receive eligible payouts via PayNow. Here’s how to link their PayNow ID (NRIC or birth certificate number).
Don’t have an CSA? Your child can apply for OCBC MyOwn Account or OCBC Mighty Savers® Account to receive eligible payouts via PayNow.
Make your little one’s savings journey extra special with a Disney gift. Receive a complimentary Mickey-themed hooded towel when you open an OCBC Child Development Account or transfer an existing one to us.
Promotion valid from 1 November to 31 December 2026.
T&Cs apply. Insured up to S$100k by SDIC.
The Baby Bonus Scheme comes with the Child Development Account (CDA) and Child Savings Account (CSA) to help manage your child’s expenses and get your Government grants on time.
The Government will co-match every dollar you deposit into the CDA. Amount is capped based on your child's birth order.
Enjoy 1.2% a year on the first S$10,000 and 2.4% a year for amounts above S$10,000.
Funds in this account can only be used at approved institutions.
PayNow will be linked to your child's birth certificate number to secure future monetary gifts from the Government.
Receive 0.05% a year on your account balance.
You can withdraw cash at any of our ATMs.
Enjoy up to 50% off on wellness, education and shopping at trusted merchants such as Madam Partum, Lulus and GAIA.
Simply flash your OCBC Baby Bonus Cards (comes with your child’s CDA) to enjoy!
Who it is suited for
Lawfully married couples with Singaporean children
Unwed parents with Singaporean children born on or after 1 September 2016
You will receive electronic versions of Letters for all your relationships/accounts.
Changing your CDA Bank to OCBC
If you already have a CDA with another bank, you can still switch to OCBC. We will arrange with your bank to close off your current CDA and have the funds transferred over. Once successful, you will receive a new CDA and CSA with OCBC. Any remaining Baby Bonus Cash Gift will be paid into the new CSA as scheduled.
If you already have a CDA with another bank, you can still switch to OCBC. We will arrange with your bank to close off your current CDA and have the funds transferred over. Once successful, you will receive a new CDA and CSA with OCBC. Any remaining Baby Bonus Cash Gift will be paid into the new CSA as scheduled.
Changing trustee for your OCBC CDA
If you would like your existing OCBC CDA to be managed by your spouse or a 3rd party (has to be pre-approved by MSF), you may nominate a new trustee via the OCBC app. The nominated trustee will have 14 days to register and take over the CDA.
Once your child turns 12 years old
CDA funds can be used at Baby Bonus Approved Institutions (AIs) for approved expenses only.
For the list of Baby Bonus AIs, please refer to go.gov.sg/listofais.
For more information on the approved uses of the Child Development Account (CDA), please refer to the Baby Bonus Child Development Account (CDA) at LifeSG, AskMSF chatbot or go.gov.sg/bbofaq.
This is currently not available. Please be rest assured that your Cash Gifts (if any) will continue to be disbursed into your current nominated bank account.
No, the CSA will be opened automatically when a new CDA is opened.
For more information on the Baby Bonus Service Journey (from 1 July 2024), please refer to go.gov.sg/bbofaq.
For more information on the Baby Bonus Scheme, please refer to the Baby Bonus Scheme at LifeSG, AskMSF chatbot or go.gov.sg/bbofaq.
Scan the respective QR code to download the app on the App Store, Google Play or Huawei App Gallery.
View the step-by-step guide on CDA application.
Scan the respective QR code to download the app on the App Store, Google Play or Huawei App Gallery.
View the step-by-step guide on CDA application. 
Scan the respective QR code to download the app on the App Store, Google Play or Huawei App Gallery. 
Scan the respective QR code to download the app on the App Store, Google Play or Huawei App Gallery. 
Open your CDA and CSA via the OCBC app.
If your child has not been enrolled for the Baby Bonus Scheme, apply via LifeSG and choose OCBC Bank.
For existing CDA holders
Transfer your existing CDA from another bank to OCBC Bank.
How CSA worksThe below Baby Bonus Scheme is for eligible Singaporean children born on or after 14 February 2023.
For the latest information on SG Child Support Package, please visit LifeSG.
How CDA worksThe below Baby Bonus Scheme is for eligible Singaporean children born on or after 14 February 2023.
| Child Order | Government First Step Grant |
|---|---|
| 1st | S$5,000 |
| 2nd | S$5,000 |
| 3rd and 4th | S$10,000 |
| 5th and beyond | S$10,000 |
| Government dollar-for-dollar matching |
|---|
| S$4,000 |
| S$7,000 |
| S$9,000 |
| S$15,000 |
| Maximum benefit from government in CDA |
|---|
| S$9,000 |
| S$12,000 |
| S$19,000 |
| S$25,000 |
Child Order
For the latest information on SG Child Support Package, please visit LifeSG.
15% discount on child’s premium is only applicable to parents insured under GREAT SupremeHealth – B PLUS, A PLUS, P PLUS and STANDARD.
GREAT SupremeHealth insurance plan is provided by The Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. This plan is not a bank deposit and OCBC Bank does not guarantee or have any obligations in connection with it.
This document does not take into account your particular investment and protection aims, financial situation or needs. You may want to seek advice from a financial advisor before committing to buy the product. If you choose not to seek advice from a financial advisor, you should consider whether the product is suitable for you.
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. 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.
This document is for general information only. It is not a contract of insurance or an offer to buy an insurance product or service. It is also not meant to provide any insurance or financial advice. The specific terms and conditions of the plan are set out in the policy documents. If you are interested in the insurance policy, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product.
We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. We do not undertake to update the information or to correct any inaccuracies. All information may change without notice. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document.
Information presented as at 14 February 2020.
Nominate a new trusteeVia OCBC app:
Enjoy up to 2% a year interest on your CDA balance.
| Rates | |
| First S$25,000 | 1% |
| Above S$25,000 | 2% |
