Baby Savings Account?

• sohguanh

  21 Sep 06, 17:17

  Anyone got help their baby to open up any savings account? POSB or DBS also can. Does it give better interest rate? What are the additional benefit such account enjoy that we normal adult do not enjoy.
  
  Thanks in advance
• browniebaobao

  21 Sep 06, 17:19

  walk in any POSB branch and make ur enquiry.
  
  website dun have ar?
• browniebaobao

  21 Sep 06, 17:21

  POSBkids
  
  POSB Children Development Account
• FireIce

  21 Sep 06, 17:31

  tt time my relative give birth in KK, the hospital automatically give the child $1 to start a POSB savings account
  
  parents who dun want can choose to opt out
• sohguanh

  21 Sep 06, 17:34

  Originally posted by browniebaobao:

  POSBkids
  
  POSB Children Development Account

  I tink the POSB Children Development Acount is the one parent put in how much govt put in how much $1 to $1 matching subject to a maximum. It can be used only for approved instituition courses etc kind.
  
  I tink the POSBkids is what I am looking for. Thanks a lot!
• browniebaobao

  21 Sep 06, 17:35

  Originally posted by sohguanh:

  I tink the POSB Children Development Acount is the one parent put in how much govt put in how much $1 to $1 matching subject to a maximum. It can be used only for approved instituition courses etc kind.
  
  I tink the POSBkids is what I am looking for. Thanks a lot!

  POSBkids is more common lah..
  
  and always got free gift.
  
  wana check for u wat free gift they give now?
• sohguanh

  21 Sep 06, 17:39

  Originally posted by browniebaobao:

  POSBkids is more common lah..
  and always got free gift.
  wana check for u wat free gift they give now?

  I wan can help me find out please. But I read website free gift is for 7 - 12 yrs old kid but mine is 2 weeks old still can get free gift? Now free gift I get is guni powder of different brand
• browniebaobao

  21 Sep 06, 17:44

  Originally posted by sohguanh:

  I wan can help me find out please. But I read website free gift is for 7 - 12 yrs old kid but mine is 2 weeks old still can get free gift? Now free gift I get is guni powder of different brand

  hahaha..
  
  think they are targetting more on 7-12 yrs old ba.
  
  I will check for u.
• kaobeikaobu

  21 Sep 06, 17:53

  stanchart e$aver Kids!.....higher interest
• LinYu

  21 Sep 06, 18:27

  Originally posted by FireIce:

  tt time my relative give birth in KK, the hospital automatically give the child $1 to start a POSB savings account
  
  parents who dun want can choose to opt out

  do they get to withdraw the $1 if they opt out?
  
• Xcert

  21 Sep 06, 21:30

  Originally posted by browniebaobao:

  hahaha..
  
  think they are targetting more on 7-12 yrs old ba.
  
  I will check for u.

  I also need the info.Thanks.
• sbst275

  21 Sep 06, 21:32

  Got
  
  Now so good, from birth can have POSB account... Still remember the days POSB staff go down to sch
• browniebaobao

  21 Sep 06, 23:53

  from what i know..
  
  now no free gift.. but got lucky draw..
  
  every $100 deposited for savings plan will entitle ur baby to a lucky draw.. to win a set of sesame street stuff toys. saw them at the branch.. v cute!
  
  Exclusive gift: Receive a POPULAR Bookstore discount card if your child is between 7-12-years-old when he opens the account.
  
  I understand that there's also a child Insurance Savings Plan.. but I'm not sure about the details.
  
  
• mhcampboy

  22 Sep 06, 00:14

  I use to be in OCBCKIDS. dunno still have or not..
• alexkusu

  22 Sep 06, 00:17

  I was in Mensa Kids