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Hence, fixed deposits became the preferred choice for Singaporeans to store their savings as they offer relatively higher interest rates as compared to an average savings account and yet are covered by Singapore's deposit insurance up to a maximum of $100,000 for each bank or finance company. SSBs are completely covered by government guarantee ...
A fixed deposit (FD) is a tenured deposit account provided by banks or non-bank financial institutions which provides investors a higher rate of interest than a regular savings account, until the given maturity date. It may or may not require the creation of a separate account. The term fixed deposit is most commonly used in India and the ...
The National Institute of Education (NIE) is an autonomous institute of Nanyang Technological University (NTU) in Singapore. Ranked 10th in the world and 2nd in Asia by the QS World University Rankings in the subject of Education and Training in 2024, [ 1 ] the institute is the sole teacher education institute for teachers in Singapore.
Hong Kong Deposit Protection Board is an independent and statutory institution formed to manage and supervise the operation of Deposit Protection Scheme. The maximum protection amount of deposit was HK$100,000 in 2006 (when the Hong Kong Deposit Protection Board was set up).
Nanyang Technological University (NTU) is a public research university in Singapore.Founded in 1981, it is also the second oldest autonomous university in the country.. The university is organised across numerous colleges and schools, including the College of Engineering, College of Science, Nanyang Business School, Lee Kong Chian School of Medicine, College of Humanities, Arts and Social ...
The National Institute of Early Childhood Development (NIEC; Chinese: 国立幼儿培育教育学院) is a training institute set up by Singapore's Ministry of Education (MOE) under the ambit of the National Institute of Education (NIE). NIEC serves as a centralised institute for early childhood development, with the aim of raising the standard ...
And the exact amount of that limit will hinge on your financial institution. If a check exceeds a given bank's limit, depositing it in person may be a way to get around any potential roadblocks.
The Central Provident Fund Board (CPFB), commonly known as the CPF Board or simply the Central Provident Fund (CPF), is a compulsory comprehensive savings and pension plan for working Singaporeans and permanent residents primarily to fund their retirement, healthcare, and housing [3] needs in Singapore.