Deposit Insurance Scheme

Deposit Insurance Scheme


Introduction

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation (SDIC), for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.


List of Insured Deposits

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 non-bank depositors will be insured up to the limits specified in the Act.

Deposit Type Product Name
Current Accounts
  • Call Account
  • Current Account
  • HL Premier Eight Account
  • HL Premier Five Account 
  • HL Premier One Account
Savings Accounts
  • iSavings Account
  • Savings Account
Fixed Deposit Accounts
  • Fixed Deposit Account


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