POSB CDA account will launch in 2015. Previously, parents can only open CDA accounts for their child with OCBC and Standard Chartered Bank. Please refer to an earlier post on this by clicking on the link.
To attract new sign-ups, POSB will pay a 6-month early bird bonus interest of 1% p.a.* on top of the POSB CDA interest rate. These rates are not defined yet.
Simply,
(1) Register your interest at www.posb.com.sg/cda before 31 Oct 2014.
(2) Open POSB CDA by 30 June 2015
* The first 10,000 customers who fulfil the eligibility criteria will qualify to earn 6 months early bird bonus of 1% p.a. on the ending balances (capped at S$12,000) in the POSBCDA account on 30 June 2015.
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