High Interest | Free Insurance | Family Saver | Features at a Glance
   
   
 
It’s never too early to start saving for your child. Watch your savings grow faster at 0.50% p.a.1
   
 
   
 
 

We understand the need to provide for your family in the event of any unforeseen situations. With a
Standard Chartered CDA, you and your child are automatically protected under our comprehensive insurance plan for as long as you maintain a CDA with us. As a Trustee of the CDA, you’ll enjoy free coverage of up to $50,0002 in the event of total permanent disability or death due to an accident.

And that’s not all. Receive a $50 daily hospitalisation cash benefit3 in the event that your child, the Beneficiary of the CDA, is hospitalised for treatment of Hand, Foot and Mouth Disease (HFMD).
Here’s how it works:
When you: You enjoy: Your child enjoys:

Sign up for our CDA

 

Up to $25,000 personal accident coverage

 

 
Sign up for our CDA and receive the maximum matching Government contribution in the CDA Up to $50,000 personal accident coverage
 

Note: The insurance plan is underwritten by MSIG Insurance (Singapore) Pte Ltd and issued to Standard Chartered Bank as the policyholder under a Master Policy. The above is only product information provided for your reference. It is not a contract of insurance. The actual terms, conditions and exceptions of the insurance are set out in the Master Policy which may be inspected at the designated offices of Standard Chartered Bank on request.

 
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As a parent, you’ll need to save for your family. Be a Family Saver when you open a second account for your child or family, in addition to your CDA, and you’ll enjoy the same high interest rate of 0.50% p.a.4 on this account.
 
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• Special Baby Bonus Card for NETS payment to Approved Institutions registered with the Ministry of Community Development, Youth and Sports (MCYS) under the Baby Bonus Scheme5
• Additional 0.30%p.a. interest6 above board rates for Singapore Dollar Time Deposits placed using your CDA funds.
• No monthly fees
• No minimum initial deposit or balance
• Monthly statements
• Pay any bank’s credit card bills or access over 300 billing organisations online
 
 
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Terms and Conditions
1.

The Bank reserves the right to revise interest rates at its sole and absolute discretion at any time without notice.
2. The personal accident benefit is payable only if death or total and permanent disablement of the Trustee arises out of injury, due to an accident. The sum assured is up to $25,000 per CDA where the maximum matching Government contribution to the CDA has not been made. Where the maximum matching Government contribution to the CDA has been made, the sum assured will be up to $50,000. The actual payout amount is subject to the policy terms and conditions.
3.

In the event that the child (i.e. the beneficiary of the CDA) is hospitalised on the recommendation of a physician for the treatment of HFMD, a daily hospitalisation cash benefit of $50 a day will be payable, up to a maximum limit of 365 days. This is limited to one claim during the policy lifetime and is subject to the policy terms, conditions and exceptions. The policy is underwritten by MSIG Insurance (Singapore) Pte. Ltd. (or such other insurer as Standard Chartered Bank may determine from time to time) under a Master Policy issued to Standard Chartered Bank as a policyholder. The full terms, conditions and exclusions of the insurance are set out in the Master Policy.
4.

Under Family Saver, the 2nd applicable account to be opened must be an e$aver account, e$aver Kids! account or World Partner Savings Account (“applicable account”) and the Trustee of the CDA must be an account holder in the applicable account. If the Trustee of the CDA has more than one applicable account, then Family Saver will apply to one applicable account only and it will apply to the account that is opened the earliest. If the Trustee of the CDA has an existing applicable account, then Family Saver will automatically apply to that account.

The Bank reserves the right to revise interest rates at its sole and absolute discretion at any time without notice.
5.

If our partners are Approved Institutions registered with MCYS, you may use your Standard Chartered Baby Bonus Card to deduct funds from your Standard Chartered CDA via NETS to pay for your child and his/her siblings' expenses. Please note that payment with your Baby Bonus Card is only permitted if the merchant is an Approved Institution.

If our partners are not Approved Institutions, please make payment with cash, Standard Chartered Credit/Debit Cards or your Standard Chartered ATM card.

6.

The Bank reserves the right to revise interest rates or withdraw this offer at its sole and absolute discretion at any time without notice. Applies only to a maximum deposit of $49,999 per specified Trustee-Beneficiary and for a tenor of minimum 12 months.
* Our Customer Terms and Current/Cheque/Savings Account and Time Deposit Terms apply.
Note: Singapore Dollar deposit accounts are eligible for deposit insurance coverage under the Deposit Insurance Act. Singapore Dollar deposit accounts held by or for an individual or a charity will be insured up to the limits specified in the Deposit Insurance Act.