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What is a Child Savings Account (CSA)?

Updated by MSF
The CSA is a joint savings account that opens automatically at the same time with the CDA when a child is enrolled for the Baby Bonus Scheme. It operates like a regular joint savings account (jointly held under the child and trustee) with no minimum balance requirement, fees or charges imposed on the CSA.

Topics:

Baby Bonus (BB)BB Services (from 1 Jul 2024) - Child Savings Account (CSA)

Related questions

My child does not have a Child Savings Account (CSA), how can I open one?

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Who can be the Child Savings Account (CSA) joint account holder?

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What is the purpose of Child Savings Account (CSA)?

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Can the Child Development Account (CDA) trustee be different from the Child Savings Account (CSA) joint account holder?

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