CDA

Which bank is best for setting up CDA account? UOB vs OCBC vs POSB

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All 3 banks offer same interest rates on CDA accounts. OCBC’s mighty saver’s account has higher interest rate compared to POSB esavings. Personally, I think the difference in interest rate is negligent since we most likely wouldn’t place a huge sum in our kid’s account. OCBC & POSB offers discounts with certain merchants. We made our decision based on the type of merchants we will most likely be using.

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Super Mum

Nowadays you don’t even need to go to the bank physically to open the account. You can apply online. But you’ll need to go to the atm machine to change the baby bonus card pin number. So choose a bank that’s convenient for you

VIP Member

We discussed this in my mummies group, most just went to banks they ardy have or posb coz convenient.

VIP Member

Choose the one that you are comfortable and are convenient to you.

All the same I think? I'm with posbe for convenience sakee

Up to ur convenience, i like ocbc personally

VIP Member

Interest rates are better at ocbc.

VIP Member

All about the same, try ocbc(:

VIP Member

Posb cos convenice

Posb or ocbc