Deposits Insurance Scheme

Singapore dollar deposits and monies in SRS accounts held by insured depositors are insured by the Singapore Deposit Insurance Corporation for up to S$50,000 in aggregate across specified accounts for each insured depositor under the Deposit Insurance and Policy Owners' Protection Schemes Act 2011. Deposits under CPF Investment Scheme and CPF Minimum Sum Scheme are separately insured for up to S$50,000 in aggregate for each insured depositor.

Trust and client accounts held by non-bank depositors are insured up to S$50,000 per account, without aggregation. Non-bank depositors include sole proprietorships, partnerships, companies and unincorporated entities like associations and societies. If you are a sole proprietor, your personal eligible accounts will be aggregated with the eligible accounts of your sole proprietorship(s).

Foreign currency deposits, structured deposits and investment products are excluded from Deposit Insurance coverage.

INSURED DEPOSIT REGISTER

The following are deposit accounts which are eligible for deposit insurance coverage under the Deposit Insurance and Policy Owners' Protection Schemes Act 2011. Any Singapore dollar deposit in this list held by an individual or a non-bank corporation will be insured up to the limits specified in the Act.

  • DBS Savings Plus (including DBS Expatriate Savings Plus, DBS Savings Plus - AF)
  • DBS eSavings Plus (including DBS Remix eSavings Plus, DBS eSavings Plus - SP and DBS eSavings Plus - EP)
  • POSB Passbook Savings
  • POSB Everyday Savings
  • POSBkids Account
  • POSB MySavings Account (including MSAkids Account - a joint MySavings Account for parents and child and 50-Plus MSA - a joint MySavings Account for grandparents and grandchild)
  • POSB Save-As-You-Earn Account
  • POSB Savings - AF
  • POSB eSavings (including POSB eSavings - SP and POSB eSavings - EP)
  • POSB Work Permit Account
  • POSB FDW Savings Account
  • DBS Current Account
  • DBS Corporate Current Account / DBS Entrepreneur's Account
  • DBS Autosave
  • DBS Autosave Advantage
  • DBS Expatriate Autosave
  • DBS Corporate Autosave
  • POSB Current Account
  • S$ Fixed Deposit (including cash, CPF and SRS)
  • Corporate S$ Fixed Deposit
  • DBS Premier Income Account (Special S$FD for customers of at least 55 years old)
  • S$ Fixed Deposit (CPF Minimum Sum)
  • CPF Investment Account
  • Supplementary Retirement Scheme Account
  • Multi-Currency Settlement Account (for Private Banking and Treasures Private Clients)
  • Time Deposit (for Private Banking and Treasures Private Clients)
Quick Links