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How will I know which Child Development Account (CDA) bank suits me better?

Updated by MSF

The Government co-matching contributions and the approved uses of the Child Development Account (CDA) are the same across banks. When choosing your CDA bank, you should read through and be comfortable with the bank's terms and benefits. As their terms and benefits may change from time to time, please contact the banks to find out more.

Topics:

Baby Bonus (BB)Baby Bonus Scheme

Related questions

I have 2 accounts opened with my CDA bank. Which bank account should I deposit money into to receive the government co-matching?

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In the application, can I choose a different bank for the Child Development Account (CDA) and Child Savings Account (CSA)?

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Can the Child Development Account (CDA) be a different bank from the Child Savings Account (CSA)?

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If I change the Child Development Account (CDA) bank, will I forfeit/ have to return the benefits given by the bank (e.g. bonus interest rate)?

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