Information release

Retail Deposit Guarantee Scheme - Questions and Answers

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Information release
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Not Current
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These Retail Deposit and Wholesale Funding Guarantees pages and their linked files are no longer actively updated. They remain publicly available but have 'Archived' status in accordance with the New Zealand Government Web Usability Standard 1.3 (1 July 2019).

The Treasury proposes to withdraw these pages and their linked files entirely from public access in February 2024, from which point this material will only be supplied on request. Contact [email protected] to provide feedback to the Treasury on this proposal.

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The Treasury
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The Treasury
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Official information
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© Crown Copyright, Attribution 4.0 International (CC BY 4.0)
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Frequently asked Questions relating to the original Retail Guarantees Scheme, which was active between October 2008 and October 2010, and the Extended Retail Deposit Guarantee Scheme, active between October 2010 and December 2011.

This scheme closed on 31 December 2011#

The Crown's Extended Retail Deposit Guarantee Scheme ended on 31 December 2011. Some deposits with the Public Trust continue to be covered under the Public Trust Act but no deposits with other financial institutions are guaranteed by the Crown for any default after 31 December 2011.

Questions and Answers#

Part 1 - Am I covered?
Explanations of eligibility criteria for the Crown guarantee.
Part 2 - Claims and Defaults
Explains what happens when a guaranteed institution defaults.
Part 3 - Trusts
Information about how eligibility criteria apply to trusts.
Part 4 - Institutions
Information that guaranteed institutions need to know.