Photo credit: Bermix Studio/Unsplash For first-time parents, I always recommend that they over-prepare and accomplish as many tasks as they possibly can before the birth of the child. The reason is simple- control as many known variables as possible because the newborn will always be the unknown variable. One of the easiest tasks that you can tick off your checklist is to decide on the best Child Development Account (‘CDA’) for your child. The good news is that this task has been made easier with my blogpost since I have to choose a CDA for my newborn. This is a review of the best CDA for your child under the 2023 Baby Bonus edition. COMPARE CHILD DEVELOPMENT ACCOUNTS (CDA) For first-time parents who are unaware, CDA is only offered by the 3 local banks in Singapore (think of it as their form of national service to Singapore). Without further ado, Diagram 1 compares the interest rates and merchant perks offered by the 3 banks....