Frequently Asked Questions
- How does the closing of an institution affect interest accruing on a deposit?
- Does the borrower’s obligations to the institution continue after the institution is closed?
- Must a claim be filed in person?
- Will shareholders of an institution receive any part of their investment before depositors’ claims are satisfied?
Did You Know?
- Misconception: Establishing more than one joint account in the same institution with the same names increases insurance coverage. - Fact: All joint accounts with the same names, notwithstanding alterations to the sequence of names, are added together and insured up to a maximum of TT$125,000.