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Last Updated:  17 Apr 2026

Post-Secondary Education Account (PSEA): Overview

The Post-Secondary Education Account (PSEA) is opened automatically for all eligible Singapore Citizens. Learn more about the PSEA, when it opens, closes and the notifications account holders will receive.

What the PSEA is about

The Post-Secondary Education Account (PSEA) is part of the Post-Secondary Education Scheme to help parents save for their children's post-secondary education. The PSEA is administered by MOE and is opened automatically for all eligible Singapore Citizens.

The PSEA funds can be used to:

  • Pay for your child's or their siblings' approved programmes at approved institutions.
  • Repay government education loans and financial schemes.

Find out where and how the funds can be used.

The PSEA balance will earn interest pegged to the CPF Ordinary Account (CPF-OA), which is currently 2.5% per annum.

 
The extra 1% interest on the first $20,000 in the CPF-OA will not apply to the PSEA.

When the PSEA will be opened

A PSEA will be opened for Singapore Citizens who have a balance in either their:

  • Child Development Account (CDA) in the year they turn 13 years old.
  • Edusave Account in the year they turn 17 years old, or no longer studying in an MOE-funded school, whichever is later.

It will also be opened for Singapore Citizens who are eligible for:

Learn more about fund transfers and contributions to a PSEA.

When the PSEA will be closed

The account holder's PSEA will be closed around the middle of the year in which they turn 31.

Account holders will receive a letter from MOE posted to their address as per NRIC in March of the year they turn 31 years old, informing them of the closure. Account holders can opt to:

  • Retain their PSEA for one more year.
  • Transfer the balance to their sibling's PSEA.
  • Donate to the Education Fund.

For account holders who did not opt in, their PSEA will be closed and any unused PSEA funds will be transferred to their CPF-OA. This transfer is non-reversible and the funds will be subjected to CPF-OA usage rules.

When you will receive PSEA notifications

You will receive:

  • A monthly transaction statement if there are contributions, withdrawals or refund transactions in the previous month.
  • An annual statement of account in March each year. This shows the transactions and interest earned as at 31 January.
  • Letters when the top-ups from government, NS-HOME award and HOPE are made, or when balances are received from CDA or Edusave Account.
 
To ensure that you receive the statements and notification letters, please keep your address updated with your child’s current school. If they are no longer studying, but hold a NRIC, the address will be updated automatically.

Related questions

More FAQs on PSEA.