Are my deposits with GXS protected or insured?
Your deposits in your GXS Savings Account are insured up to S$100,000 by the Singapore Deposit Insurance Corporation (SDIC), under the Deposit Insurance Scheme. Here's a description of the scheme:
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.