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Standard Chartered

Deposit Insurance Register

Our wide range of accounts ensures that you are never short of choices and your money is in safe hands.

The Deposit Insurance Scheme was established under the Deposit Insurance Act, which came into force on 18 October 2005. The Scheme aims to provide limited protection to individuals and other non-bank depositors with insured deposits placed with banks and finance companies that are members of the Scheme. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

With effect from 1 Apr 2024, the insured deposit coverage limit has been increased to S$100,000 per depositor per Scheme member.

Standard Chartered deposit accounts that are eligible for deposit insurance coverage under the Deposit Insurance Act and Deposit Insurance and Policy Owners’ Protection Schemes Act (CAP 77B) are listed in the Insured Deposit Register below.

For more information on compensation pay out and calculations, please refer to SDIC website.

Deposit Accounts – Deposits in the following accounts are eligible for insurance coverage under the Deposit Insurance and Policy Owners’ Protection Schemes Act (CAP 77B). Any Singapore dollar deposit in this list held by non-bank depositors will be insured up to the limits specified in the Deposit Insurance and Policy Owners Protection Schemes Act (CAP 77B).

Deposit Accounts Offered by Standard Chartered Bank (Singapore) Limited
Savings Accounts	BASIC BANKING ACCOUNT LIMITED PURPOSE ACCOUNT CHILD DEVELOPMENT ACCOUNT SAVINGS ACCOUNT JUNIOR SAVERS JUMPSTART MYWAY SAVINGS ACCOUNT STAFF SUPERSAVE ACCOUNT SUPERSAVE ACCOUNT SAADIQ SAVINGS ACCOUNT SAVINGS ACCOUNT TRUST SUPERSAVE ACCOUNT UNLIMITED$AVER WORLD PARTNER SAVINGS ACCOUNT E$AVER ACCOUNT E$AVER ACCOUNT (STAFF) E$AVER KIDS! E$AVER KIDS! (STAFF)
Current Accounts	BONUS$AVER ACCOUNT (ONLINE) SGD BUSINESS$AVER BONUS$AVER BUSINESS OVERDRAFT BUSINESS$AVER PREMIUM CASH COLLATERAL – SGD COLLATERAL HEDGING SETTLEMENT ACCOUNT CURRENT ACCOUNT – NON INTEREST BEARING CURRENT ACCOUNT – MANAGED RATE CURRENT ACCOUNT – PSA COMPANY CURRENT ACCOUNT – LOCAL CURR COMPANY CURRENT ACCOUNT – SGD – NIB CURRENT ACCOUNT – MANAGED RATE SGD CURRENT ACCOUNT – MANAGED RATE SGD (CCSP) CURRENT ACCOUNT – NON INTEREST BEARING SGD CURRENT ACCOUNT – NON INTEREST BEARING SGD (CCSP) CURRENT ACCOUNT – PSA SGD CURRENT ACCOUNT – PSA SGD (CCSP) CHEQUE AND SAVE CHEQUE AND SAVE (SGD) CREDIT MANHATTAN DEMAND ACAC NIB DEMAND ACCOUNT IB DEMAND ACCOUNT NIB CASH ESCROW / ACCOUNT BANK MORTGAGEONE ACCOUNT MONEY MARKET C & S A/C – LOCAL CCY NUS ALUMNI ACCOUNT ONE ACCOUNT PERSONAL CURRENT ACCOUNT – SGD – NIB PREFERENTIAL C/A – SGD – NIB PREFERRED CURRENT ACCOUNT PRIVATE BANK CASH ACCOUNT SGD BUSINESS ONE – NIB SGD INTERNATIONAL TRADE SIGNATURE CLIENT CASH AC SME LITE CHEQUEING ACCOUNT SECURITIES SETTLEMENT ACCOUNT SMART BUSINESS$AVER ACCOUNT STAFF ONE ACCOUNT STAFF PRIVATE BANK CASH ACCOUNT SUPERSALARY SUSTAINABLE ACCOUNT THE BUSINESS CIRCLE ACCOUNT WEALTH $AVER WEALTH LENDING SETTLEMENT ACCOUNT – LCY WORLD PARTNER CHEQUEING ACCOUNT XTRASAVER (SGD)
Fixed Deposit Accounts	EVERGREEN DEPOSIT FLEXI-TIME DEPOSIT FLEXI-TIME DEPOSIT (WB) FIXED DEPOSIT FIXED DEPOSIT LCY BID DEAL LCY CASH COLLATERAL MONEY MARKET DEPOSIT MONEY MARKET DEPOSIT SGD STEP-UP TIME DEPOSIT – 12 MTH SGD STEP-UP TIME DEPOSIT – 24 MTH SGD STEP-UP TIME DEPOSIT – 36 MTHS SGD STEP-UP TIME DEPOSIT – 6 MTH SGD SUSTAINTABLE TIME DEPOSIT SHORT TERM FLEXI-TIME DEPOSIT STAFF FLEXI-TIME DEPOSIT SUPER TIME DEPOSIT SUSTAINABLE DEPOSIT

What is the scope of the Deposit Insurance Scheme?
With effect from 1 Apr 2024, Singapore dollar deposits held by non-bank depositors in eligible savings, fixed deposit and current accounts will be insured up to S$100,000 per depositor in accordance with the Deposit Insurance and Policy Owners’ Protection Schemes Act (CAP77B).
Who is covered under the Deposit Insurance Scheme?
Depositors in general (including sole proprietors, partnerships, companies, societies and associations) are covered. Depositors who are themselves banks are excluded.
Are foreign currency deposits covered under the Deposit Insurance Scheme?
No. Only Singapore dollars deposits are covered under the Deposit Insurance Scheme.
What types of deposits are covered under the Deposit Insurance Scheme?
Generally, all Singapore dollars deposits in savings, fixed deposit and current accounts are covered. You can find a list of eligible Standard Chartered deposit accounts on the Bank’s Insured Deposit Register.CPFIS deposits are also eligible for separate coverage under the Deposit Insurance Scheme. However Standard Chartered Bank (Singapore) Limited does not offer CPFIS deposits.
Are the deposits held by a corporate entity insured under the Deposit Insurance Scheme? Will the coverage be aggregated for a group of related entities?
All eligible deposits held by non-bank entities, including corporate entities, will be insured up to a maximum of S$100,000 for each entity. The Deposit Insurance coverage is not aggregated for a group of related entities. The eligible deposits of each entity will be aggregated, and insured up to a maximum of S$100,000 for that entity.

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