The deposits listed below are the only deposits that will be considered for insurance coverage by the DIC:-
- Savings Accounts (including interest)
- Current Accounts (including interest)
- Fixed Deposit Accounts (including interest)
Outstanding or Uncleared balances “. . . for which the institution has issued a certificate, receipt, cheque, money order, draft or other instrument in respect of which it is primarily liable.
As a precaution, depositors of member institutions in Trinidad and Tobago should enquire whether a deposit product is covered under the deposit insurance system. Remember, protecting your deposits means protecting your future.