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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 Singapore Deposits Insurance Corporation website or to download the Consumer Guides.

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 Child Development Account Dash Easy Savings Account e$aver Account e$aver Account (Staff) e$aver Kids! First$aver JumpStart JUNIOR SAVERS Limited Purpose Account MyWay Savings Account Saadiq Savings Account Savings Account STAFF SUPERSAVE ACCOUNT SUPERSAVE ACCOUNT TRUST SUPERSAVE ACCOUNT Unlimited$aver World Partner Savings Account
Current Accounts	Bonus$aver BONUS$AVER ACCOUNT (ONLINE) Business Overdraft Business$aver Premium CASH COLLATERAL – SGD CHEQUE AND SAVE ACCOUNT CHEQUE AND SAVE ACCOUNT (SGD) COLLATERAL HEDGING SETTLEMENT ACCOUNT Credit Manhattan CURRENT ACCOUNT DEMAND ACAC NIB DEMAND ACCOUNT IB DEMAND ACCOUNT NIB Escrow – LCY ESCROW – LCY MONEY MARKET C & S A/C – LOCAL CCY Mortgage One NUS Alumni Account One Account Preferred Current Account Private Bank Cash Account Securities Settlement Account SGD BUSINESS ONE SGD BUSINESS$AVER SGD International Trade SIGNATURE CLIENT CASH AC Smart Business$aver Account SME Lite Chequeing 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 Fixed Deposit FLEXI-TIME DEPOSIT (WB) LCY BID DEAL LCY CASH COLLATERAL 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 TIME DEPOSIT SHORT TERM FLEXI-TIME DEPOSIT STAFF FLEXI-TIME DEPOSIT Super Time Deposit Sustainable Deposit SGD SUSTAINABLE TIME 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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Insured Deposit Register

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