lynn,
dollar for dollar fr govt is known as the CDA account. Child development Account in short. It can be used for medical fees, childcare $$ etc. But u cannot withdraw it! currently only 2 banks operating it. OCBC or SCB. U have 6 yrs or so to deposit the $ into the CDA Account. Whatever u put it in, u will get the similar contribution from Govt subject to the limit.
erm...that's e "layman" terms for CDA account. hope i have understood correctly.