Savings with DBS, STI ETF with DBS, and soon investing with DBS Vickers also? But am I risking it since it's not diversified? Maybe I should invest with other brokerage in case anything happen to DBS? - Seedly
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DBS Vickers Securities

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Anonymous

Asked on 11 Apr 2019

Savings with DBS, STI ETF with DBS, and soon investing with DBS Vickers also? But am I risking it since it's not diversified? Maybe I should invest with other brokerage in case anything happen to DBS?

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Gabriel Tham
Gabriel Tham, Kenichi Tag Team Member at Tag Team
Level 9. God of Wisdom
Answered on 11 Apr 2019

SDIC protects up to $75k in deposits, so savings should be safe. If more than $75k and you are worried then put extra into other bank savings.

As for vickers, if you linked to CDP then your singapore shares will be protected under CDP not DBS.

STI ETF from DBS invest saver is held in custodian under your account name.

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