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Fun and rewarding: Receive limited edition prizes when your child saves with POSBkids Savings Card Programme. |
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No minimum deposit required |
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No fall-below fee: There is no minimum balance requirement and fall-below fee, until your child turns 21 years old. |
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Daily competitive interest: Grow your child's savings earlier with attractive daily interest |
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Convenient and hassle-free: Save regularly for your child by specifying a fixed amount to be transferred to your child's POSBkids Account each month. You can also enjoy the convenience of paying for your child's school fees and his insurance premiums with Aviva Ltd or MSIG Insurance (Singapore) Pte Ltd via GIRO*. |
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Handy passbook: Receive a specially-designed passbook for easy reference and to keep track of all transactions. |
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| Fees |
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Waiver of fall-below fee (S$2 if average daily balance falls below S$500) till you child turns 21 years old. |
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Waiver of coin deposit fee (S$0.075 per piece) if your child is 12 years old and below. For deposit via the Coin Deposit Machine, please drop the coin deposit receipt into the Quick Cheque Deposit box to apply for waiver. |
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Pricing Guide |
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| Requirements |
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| There are 2 account types to suit the growing needs of your child. |
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Trust Account
Give your child a great head start - open a Trust POSBkids Account if your child is below 5 years old. You should be over 21 years old to act as the trustee and to manage your child's finances. |
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Personal Account
Instill the discipline and importance of saving by opening a Personal POSBkids Account for your child when he is between 5 and 12 years old. The account will be in your child's name so that he can manage his own savings and continue to save as an adult in the future. |
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| Exclusive Account opening Gifts |
| Open a POSBkids Account today and receive the following gifts: |
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A gift deposit of S$1 which will be deposited into the account. |
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A POPULAR Bookstore discount card if your child is between 7 and 12 years old. To find out more on Popular Card Discount Privileges, please click here. |
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POSBkids Savings Card |
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| Apply Now |
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Let your child enjoy the sweetness of saving early. Visit any POSB branch today with your identity card/passport and your child's birth certificate and passport/student pass (if any). |
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To open a Personal POSBkids Account, please bring along your child and his birth certificate and passport/student pass (if any). |
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Notice on Deposit Insurance Scheme
Deposit accounts held by individuals and charities are insured by the Singapore Deposit Insurance Corporation for up to S$20,000 in aggregate across specified accounts for each depositor under the Deposit Insurance Act. |
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