Please note that from 23rd June 2015 onwards, we no longer open new CDA accounts. There will be no impact to existing Child Development Account-holders.

High interest on Child Development Account (CDA)

It's never too early to start saving for your child. Watch your savings grow faster at an interest rate of 0.50% p.a.1

Features at a Glance

  • Special Baby Bonus Card for NETS payment to Approved Institutions registered with the Ministry of Social and Family Development (MSF) under the Baby Bonus Scheme2
  • Additional 0.30%p.a. interest3 above board rates for Singapore Dollar Time Deposits placed using your CDA funds
  • No monthly fees
  • No minimum initial deposit or balance
  • Monthly statements
  • Pay any bank's credit card bills or access over 300 billing organisations online

Terms and Conditions

Customer Terms, Current/Cheque/Savings Account and Time Deposit Terms and Child Development Account Product Terms apply.

1Standard Chartered Bank (Singapore) Limited ("the Bank") reserves the right to revise interest rates at its sole and absolute discretion at any time without notice.

2If our partners are Approved Institutions registered with MSF, you may use your Standard Chartered Baby Bonus Card to deduct funds from your Standard Chartered CDA via NETS to pay for your child and his/her siblings' expenses. Please note that payment with your Baby Bonus Card is only permitted if the merchant is an Approved Institution. If our partners are not Approved Institutions, please make payment with cash, Standard Chartered Credit/Debit Cards or your Standard Chartered ATM card.

3The Bank reserves the right to revise interest rates or withdraw this offer at its sole and absolute discretion at any time without notice. Applies only to a maximum deposit of S$49,999 per specified Trustee-Beneficiary and for a tenor of minimum 12 months.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors 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

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Speaking Up

Standard Chartered Bank (the “Bank”) is committed to maintaining a culture of the highest ethics and integrity, and in compliance with all applicable law, regulation and internal policy. As part of this commitment, the Bank has a ‘Speaking Up’ programme through which genuine concerns in this regard can be raised. Members of the public can securely raise Speaking Up concerns through this hyperlink, which is hosted on behalf of the Bank by a third party ‘InTouch’. Examples of concerns that can be raised through this website are concerns that relate to accounting, internal accounting controls or auditing matters and concerns relating to bribery or banking and financial crime. Concerns received will be forwarded to the Bank’s investigations team for review. Complaints relating to SCB banking services should not be raised through this site in the first instance, but through the SCB branch network, contact centres, Relationship Managers or the ‘Contact Us’ webpage.

Disclaimer

Please note that this hyperlink will bring to you to another website on the Internet, which is operated by InTouch, an independent company appointed by the Bank to support its Speaking Up programme. Please be mindful that when you click on the link and open a new window in your browser, you will be subject to the additional terms of use of the website that you are going to visit.

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