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Are bank deposits insured?

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jrjrg
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Are bank deposits insured?

Post by jrjrg » Wed, 17 Sep 2008 8:23 pm

Hi
Are the local bank deposits insured? Is there a FDIC equivalent?

Thanks.

andy21
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Post by andy21 » Thu, 18 Sep 2008 10:06 am

To the tune of SGD20,000.

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ScoobyDoes
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Post by ScoobyDoes » Thu, 18 Sep 2008 11:04 am

Yes, via a policy with AIG :lol:

golfmart
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Post by golfmart » Thu, 18 Sep 2008 1:45 pm

Yes up to $20K

yoongf
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Post by yoongf » Thu, 18 Sep 2008 8:13 pm


KneejerkBobby
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Post by KneejerkBobby » Fri, 19 Sep 2008 9:10 am

Good question, thanks for asking. And thanks for the answers, guys.

alexhar
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Bank Deposits Insured?

Post by alexhar » Sat, 20 Sep 2008 1:27 pm

These days you may have to worry about whose insuring the insurer???
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Rex218
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Post by Rex218 » Mon, 22 Sep 2008 7:44 pm

Yes, come to the wrose senario, 20k is granteeded for all banks in fix desposites, for US banks is 10k.

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Strong Eagle
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Post by Strong Eagle » Mon, 22 Sep 2008 7:46 pm

Rex218 wrote:Yes, come to the wrose senario, 20k is granteeded for all banks in fix desposites, for US banks is 10k.
Wrong. US banks are federally insured to US$ 100K.

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