Frequently Asked Questions
- How quickly will the Liquidator make payments on certificates?
- Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
- What types of deposits are insured?
- What is the insurance coverage on a trust account held under the provisions of an irrevocable express trust?
Did You Know?
- Misconception: Placing funds in any instrument offered by a member institution would be covered by the DIC - Fact: ONLY Savings Accounts (including interest), Current Accounts (including interest) and Fixed Deposit Accounts (including interest), inclusive of any outstanding balances due (uncleared deposits) to these accounts, are considered for deposit insurance coverage.
