Edusave Account
A Singaporean child between the age of 7 to 16 years is automatically given an Edusave Account. A sum of money is credited into the account in January every year, until he/she is 16 years old. He/she will receive a yearly statement of accounts.
The money in the Edusave Account can be used for:
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2nd–Tier miscellaneous fee; and
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Enrichment programmes organized by the school.
After 16 years old, the money in the account can be used if the child is still in school/Junior College or Tertiary Institutions. To check the balance in your child’s Edusave account, you may call the Edusave Phone Scheme Hotline at 6260 0777.