Deposit Insurance (DI) Scheme

Banking & finance

Singapore’s deposit insurance limit raised to $100,000 from today; new public education campaign launched

The Deposit Insurance (DI) Scheme now fully covers 91% of depositors, up from 89% previously.

Banking & finance

MAS proposes to increase deposit insurance coverage to $100,000

The central bank’s proposals are not in response to the stresses faced by some banks abroad earlier in the year.

MAS proposes increasing deposit insurance coverage to $75,000

SINGAPORE (Aug 4): The Monetary Authority of Singapore (MAS) on Friday released a public consultation on its proposals to enhance the Deposit Insurance (DI) Scheme, which insures Singapore dollar deposits held at a full bank or finance company in Singapor