Last Updated: 16 February 2021

Edusave Account: overview

The Edusave Account is opened automatically for all Singapore Citizen students. Find out about what it is and how much your child will receive.

Overview

Every Singapore Citizen (SC) will have an Edusave account created automatically for them.

For SCs in MOE-funded schools, they will receive annual contributions from the start of their primary school education until they complete their secondary school education.

For SCs who are not in MOE-funded schools, they will receive annual contributions from 7 to 16 years of age. This includes children who are enrolled in madrasahs and privately-funded schools, as well as those home-schooled or residing overseas.

Here’s how much your child will receive this year:

  • Primary school students: $230
  • Secondary school students: $290

Note:

  • You cannot contribute into your child's Edusave account.
  • As part of the Household Support Package announced in Budget 2021, the Government will provide a top-up of $200 in 2021 to the Edusave account of Singapore Citizens who are studying in a MOE-funded primary or secondary school (including Government-funded special education school), or aged 7 to 16 in 2021. This is on top of the annual contributions that they currently receive. The top-up will be done automatically in May 2021.
  • Junior college and Millennia Institute students will not receive annual contributions or top ups. They can still use their available Edusave funds for approved fees and enrichment programmes organised by their schools.

Learn how to check your child's Edusave account balance and transactions, and how to use the funds.