WebApr 13, 2016 · When baby Isaac was born, we looked into the offerings by OCBC, UOB and POSB for a CDA (Child development account). As he is our first child, we will be entitled to a $3,000 First-step grant and $3,000 …
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WebOct 15, 2024 · The Child Development Account (CDA) is part of the baby bonus scheme designed to help parents with the cost of raising children. These include a cash gift from the government and the CDA. The CDA is special savings account where money in the account can be used to pay for educational and healthcare expenses at approved … WebWell, when I started working ocbc was the best in terms of interest earned if you use their CC and credit your salary into their 360 account and have 2 giro bill payments. So OCBC became my main bank, and I even setup my daughter's saver account and CDA account tied with my account, for ease of managing funds. mars hill top loop
√ How to Check OCBC CDA Account Balance Online
WebSep 2, 2024 · OCBC Bank said: Hi all, With effect from 2 May 2024, there will be a revision to the interest rates you will be able to earn on some of our accounts, including the 360 account. For more details, you may refer to our 1 April 2024 notice - Revision to interest rates for the following products from 2 May 2024 and updates to requirement for bonus ... WebA CDA account can be opened at the following banks: POSB/DBS, OCBC or UOB. A CDA only lasts until your child turns 13 years old, so all remaining money in a CDA account … WebJan 15, 2016 · Jul 13, 2015. #6. CDA is like a kid's "CPF", you can only withdraw from it for specific reasons and expenses, usually child care fees. And once the kid reaches age 12, the money in the CDA will be transferred to PSEA (Post Secondary Education Account), which will be earning at CPF-OA rate of 2.5% currently. And lastly, when your kid … mars hill to boone nc