Bank deposits, savings accounts, term deposits, and protecting your money.
The DCS covers savings accounts, term deposits, and transaction accounts up to $100,000 per person, per institution. KiwiSaver, managed funds, crypto, and fintech balances are not covered.
The DCS protects up to $100,000 per depositor at each licensed institution. Here's who runs it, what triggers a payout, and how Open Bank Resolution fits in.
NZ banks are well-regulated and no registered bank has failed since 1990. Since July 2025, the Depositor Compensation Scheme adds a $100,000 safety net per depositor, per institution.
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