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.