For joint accounts, the deposit balance is divided equally among all account holders. Thereafter, the same rules for calculating insurance coverage for deposits belonging to individual will apply.
Example: You have (i) an individual e$aver account with a balance of S$50,000 and (ii) a joint Cheque and Save account with a balance of S$120,000 with your spouse. For the purposes of the Deposit Insurance Scheme, both you and your spouse will be attributed half of the balance of the Cheque and Save account. Your aggregate deposit with Standard Chartered Bank (Singapore) Limited is therefore S$110,000. Under the Deposit Insurance Scheme, your deposits will be insured at the cap of S$100,000. In addition, your spouse's share of the deposit in the Cheque and Save account will be insured for S$60,000.