Are there any risks associated with Simple Guaranteed?

The only risk associated with Simple Guaranteed is the unlikely event that our banking provider Citibank N.A., Singapore Branch was to go insolvent. However, Citibank is one of the top 3 largest banks globally. As a Global Systemically Important Bank (G-SIB), Citibank is subject to stringent regulations, higher supervisory expectations, and a requirement to maintain a higher level of capital, ensuring it can meet its obligations to depositors even in times of financial stress.