Could be as safe as putting it in a biscuit tin under the bed.
Even flood comes tin will float. :bsmilie:
Yes, provided it's no more than 20K.
[Do you think that your deposits in the banks in Singapore are safe?]
Question may be wrong if you meant the local banks (banks of local origin) such as DBS-POSB/UOB/OCBC.
"banks in Singapore " can mean any of the numerous ones found in the Yellow Pages. Look under "Bank".
MAS finally announced that the deposits are guaranteed.
http://www.mas.gov.sg/news_room/press_releases/2008/MOF_and_MAS_Joint_Press_Statement.html