How bank deposits are protected
29 June 2010
The Eligible Liabilities Guarantee Scheme (ELG Scheme) has just been extended. Also known as the "Government guarantee" scheme, it provides protection for deposits in banks and other financial institutions, but how does it affect consumers?
- If your deposits with an institution are €100,000 or less, today's announcement will not affect you. Find out more about the Deposit Guarantee Scheme on itsyourmoney.ie
- If your deposits with an institution are more than €100,000, the first €100,000 is covered by the Deposit Guarantee Scheme and the Government guarantee scheme may cover the balance. Find out more about the ELG scheme on itsyourmoney.ie
Learn more
Read more information on our consumer finance website itsyourmoney.ie about compensation and guarantee schemes.