Part 9/11:
The Singapore Deposit Insurance Corporation (SDIC) insures deposits up to SGD 100,000 per account holder per bank, providing a safety net against bank failure for smaller deposit amounts. It’s crucial to check whether your accounts are covered by this guarantee.
Navigating the Interest Rate Cycle
Investors should remain agile and monitor signals from the US Fed and Singapore’s monetary authorities. While rate cuts are expected over the next year, they are unlikely to occur immediately. Thus, short-term investments should be chosen with an eye toward locking in yields now, with the flexibility to adapt should rates fall further.