Open a new 360 Account today and enjoy double bonus interest for salary and spend categories on the first S$75,000 for the first 2 months after the month of account opening.
T&Cs apply. Insured up to S$100K by SDIC.
The Baby Bonus Scheme now 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.
Calling all new parents! Receive a complimentary Hegen PCTO™ 150ml/5oz Feeding Bottle PPSU (worth S$31) and a S$5 voucher* when you sign up for an OCBC Child Development Account.
Limited to the first 500 customers monthly who sign up before 31 August 2024. Terms and conditions apply. Insured up to S$100k by SDIC.
*Applicable with a minimum spend of S$50 on Hegen products at Hegen Experiential Centre or Hegen.com.
Stand a chance to win a Hegen PCTO™ Double Electric Breast Pump (SoftSqround™) and a 2-hour Breast Practices Workshop (worth S$495) when you sign up for an OCBC Child Development Account before 31 August 2024. The Breast Practices workshop is designed to provide new parents with personalised tips and guidance on the usage of a breast pump, preparing you for a good start with breastfeeding.
Limited to 10 winners a month only. Terms and conditions apply. Insured up to S$100k by SDIC.
Skip the queues and have your child vaccinated comfortably and privately at home through our partnership with Doctor Anywhere. To enjoy this offer, simply open an OCBC Child Development Account. You will receive the promo code via email once your account has been successfully opened.
This offer is only applicable for recommended vaccinations as per the Ministry of Health’s National Childhood Immunisation. Open to all children who are Singapore Citizens aged 2 months to 59 months. Standard fees will apply for PRs/Foreigners.
To find out more or book an appointment for vaccination, please visit Doctor Anywhere.
Valid till 31 August 2024 or while stocks last for new Child Development Account applications. Terms and conditions apply. Insured up to S$100K by SDIC.
Watch the video to find out how home-based vaccinations are conducted.
Enjoy up to 50% off on wellness, education and shopping at 15 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 Digital 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.
View the list of Baby Bonus AIs.
View the list of approved expenses.
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.
Please refer to full list of FAQs for more information about the Baby Bonus Service Journey (from 1 July 2024).
Please refer to the Ministry of Social and Family Development (MSF)'s website for more information about the Baby Bonus Scheme.
Apply for the CDA and CSA via the OCBC Digital app.
If your child has not been registered 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.
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$5,000 |
| 5th and beyond | S$5,000 |
| 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$14,000 |
| S$20,000 |
Child Order
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 Digital app:
Enjoy up to 2% a year interest on your CDA balance.
| Rates | |
| First S$25,000 | 1% |
| Above S$25,000 | 2% |
