CDA

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.