Kid Savers Account

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Making managing money fun for your kids

Disciplined fixed monthly amount transferred from main account (Special Savings Account*) to Kid Savers Account via standing instruction.

  1. No initial deposit
  2. No minimum maintenance fee
  3. No fall below fee
  4. No minimum monthly average balance
  5. High Interest rates
  6. No ATM card
  7. No INB access
  8. Any transactions pertaining to the Kid Savers Account can only be performed at branches personally by the adult account holder
Balance Tier (SGD) Interest Rate (p.a.)
Any Amount 0.35%

Existing customers can continue to use their existing special savings account* and add their kids to enjoy the Kid Savers Account benefits.

It is compulsory for new customer to open a special savings account*

*All features under Special Savings Account apply. Standard prevailing board rates for Special Savings Account applicable.

  1. Main account in the name of parent/legal guardian of child. Main account holder must be age 21 and above. No minor under age 21 is allowed to operate as main account holder.
  2. Child has to be age 15 and below to establish the Kid Savers Account with an adult.
  3. Maximum of 1 adult with 1 child per Kid Savers account. Adult has to be father, mother or legal guardian.

Special Savings Account Charges will apply.

For Kid Savers Account:

  1. Standing instruction charges as below:
    Standing Instruction Charges Kid Savers Account
    Create new standing instruction NIL
    Any change in the existing standing instruction SGD 5
    Failed transaction due to insufficient funds SGD 10
  2. Other charges:
    Other Charges
    Account Closure Fee: Account closed within 6 months from the opening date
    Kid Savers Account SGD 20

For Interest Rate Calculation, please click here.

  1. Main Account (as per current requirements for Special Savings Account)
  2. Kid Savers Account (additional requirement for child’s Birth Certificate (BC) in English*)

*(Where BC is not in English, the BC has to be translated into English and duly attested by The National Embassy)