The Treasury said it has approved Wairarapa Building Society for the extended retail deposit guarantee scheme.The current scheme ends on October 12. Under the extended scheme eligible depositors will be repaid up to a maximum of $250,000 each if an approv
The Treasury said it has approved Wairarapa Building Society for the extended retail deposit guarantee scheme.
The current scheme ends on October 12. Under the extended scheme eligible depositors will be repaid up to a maximum of $250,000 each if an approved institution fails to pay depositors back money that they are owed. The extended scheme ends on December 31, 2011.
Wairarapa Building Society traces its history back to 1873 and one in four Wairarapa residents are customers, according to its website.
