Last Updated: 22 May 2023
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
Learn how to check your child's Edusave account balance and transactions, and how to use the funds.
- Junior college (JC) and Millennia Institute (MI) students will not receive Edusave annual contributions or top-ups. They can still use their available Edusave funds for approved fees and enrichment programmes organised by their schools. JC and MI students will receive a top-up in their Post-Secondary Education Account (PSEA) if there is a PSEA government top-up and they are eligible for it.
- You cannot contribute into your child's Edusave account.
Edusave government top-up
As part of the Assurance Package announced at Budget 2023, there was a one-off top-up of $300 on 19 May 2023 to the Edusave account of Singapore Citizens who meet either of the following criteria:
- Studying in an MOE-funded primary or secondary school, including government-funded special education school.
- Aged 7 to 16 in 2023.
This is on top of the annual contributions that they currently receive.
How you will be notified
You will be notified of your child's top-up through the Singpass app inbox by end May 2023. If you do not have the Singpass app, you will be notified via SMS.