Frequently Asked Questions
- How quickly will the Liquidator make payments on certificates?
- What happens to those depositors whose accounts are subject to further examination?
- Does deposit insurance protect the interests of creditors other than depositors of a failed institution?
- Are any other cash liabilities of financial institutions covered?
Did You Know?
- Misconception: Placing funds in different types of deposits such as CDs, Chequing, Savings with the same member institution would increase insurance coverage. - Fact: Deposits held by the same person in the same member institution in the form of CD’s, Chequing and Savings accounts are added together and insured up to a maximum of TT$200,000.
