Regulatory Alerts2025-04-21
Deposit takers that offer DCS-protected deposits
The Reserve Bank of New Zealand publishes a list of regulated deposit takers, including banks and non-bank entities, that offer deposits covered by the government-funded Depositor Compensation Scheme. This scheme protects eligible depositors up to $100,000 per deposit taker in the event of institutional failure, though coverage depends on specific account types. The document provides direct links to each institution's website where they are required to maintain their own lists of DCS-protected deposits.
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