Deposit accounts held by individuals and charities are insured by the Singapore Deposit Insurance Corporation for up to $20,000 in aggregate across specified accounts for each depositor under the Deposit Insurance Act. Central Provident Fund Investment Scheme accounts are separately insured for up to $20,000 in aggregate for each depositor. Foreign currency deposits, structured deposits and accounts earmarked or held as collateral are excluded from insurance coverage.
The list of DBS Bank deposit products which qualify for the deposit insurance can be viewed in the Register below.
INSURED DEPOSIT REGISTER
The following are deposit accounts which are eligible for deposit insurance coverage under the Deposit Insurance Act. Any Singapore dollar deposit in this list held by or for an individual or a charity, will be insured up to the limits specified in the Deposit Insurance Act.
Deposit Accounts:
DBS Autosave
DBS Current Account
DBS Premier Income Account (Special S$FD for customers of at least 55 years)
