Very simple, most of the bank got kids account which they allow to start since newborn. Bring your child birthcert (I even bring the pink IC) and your own IC. Coz this account is trust account where you are the trustee. Usually the minimum amount require to open account is very low. Can't remember how much.

Tips: Try to look for those bank with promo where they will give out some coinbank or something. Coz not all bank give out coin banks 1.

Basically, junior account does give higher interest rate than usual savings account.
Some times bank will have certain promo where they will give additional cash for continuous bank in an amount within certain period of times... and some give out goodies.

My boy 1st junior account, I simply open a junior account for the sake of keeping his angpao $ without much survey.. so I put it into RHB junior.. where they said come with insurance.. but I doubted it because there have no agreement sign related to insurance.
Then another year, there was a time CIMB have promo toystory for junior account. I open another account and get the toy story coin bank. The promo.. mainly is the gift.. for fun only lar....


Darknite,
Open a savings account for newborn mainly to save $ for him/her. I think nowadays every babies have angpao $ and I think most of the parents now won't want to spend their newborn angpao $, right?

Another plus point is that junior account interest rate is somehow higher than normal savings account. I have got some friends putting in their own savings into their kids account for better rate. Especially for those who doesn't want to lock the savings in FD... or those who don't have any other better channel to keep their money.