Kiwis' bank deposits will be protected by insurance
Limit of $50,000 being set for individual accounts.
Graham Skellern
Wed, 18 Dec 2019
Bank depositors will soon be protected by a new insurance scheme, the government has decided.
The Cabinet confirmed a deposit insurance scheme limit of $50,000 per person at each banking institution, following consultation on a range of $30,000-50,000.
Depositors would be protected by
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Graham Skellern
Wed, 18 Dec 2019
Contact the Writer: graham@nbr.co.nz
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Kiwis' bank deposits will be protected by insurance
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