HELP: Which Child Development Account to choose from

[Vtim]

Hi all, need help from the expert from the Financial sector.

 

As most of the older members will know, I have 4 kids, eldest son is now in P2 so do not qualify for the baby bonus, 2nd daughter is in K1 and the youngest twin boys are in playgroup

 

So, I would like to know which one will bring out the best deal, pro and cons.

 

 

 

1) OCBC Bank http://www.ocbc.com/personal-banking/mightysavers/index.html

 

 

 

2) Standard Chartered Bank http://www.standardchartered.com.sg/cda/

 

 

 

** wife is very attracted by the free gift from Standard Chartered Bank, Free Nintendo

[Sfhuang]

I'm using OCBC for all my three kids.

 

Pros: A lot of branches in Singapore

Cons: Don't have free Nintendo Wii

 

[Vtim]

I see, so the returns are more or less the same from both banks

 

the only con OCBC is branches, than I will take Stand Chart for the free gift branches location shouldn't be a problem as wife works near Raffles Place MRT