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What You May Not Know About Bank Deposits: Singapore Perspective

After reading Suze Orman’s book on Women and Money: Owning the Power to Control your Destiny, I became more aware of the need to increase my knowledge on finances. Suze gave a snippet on insurance on bank deposits, which I never knew about before reading the book. However, it gave a US perspective, which did not help me much. Here’s an understanding of insurance on bank deposits from a Singapore perspective.

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What You May Not Know About Bank Deposits – US Perspective

I have just finished reading Suze Orman’s book on Women and Money: Owning the Power to Control your Destiny. It has given me a different perspective on handling my finances. There was one thing that I did not know about, prior to reading the book. It was about insurance on bank deposits. Do you know that the money you keep in your bank is insured up to a certain amount?