Protected Deposits

A deposit means a credit balance on an account with a bank, building society or credit union that must be fully repaid.

The following is a list of deposit types that may be considered eligible for Deposit Guarantee Scheme (DGS) compensation:

Current accounts
Saving accounts
Demand deposit accounts
Notice deposit accounts
Fixed-term deposit accounts
Share accounts in a building society or credit union
Deposit element of structured deposits/tracker bonds may also be eligible if the deposit element is repayable at par