Deposit Guarantee Scheme: Difference between revisions
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Revision as of 16:50, 9 August 2016
(DGS).
A scheme that guarantees certain bank depositors' funds (subject to specified limits) should the bank fail.
With effect from 2016, the guaranteed amount in the UK is limited to £75,000 (previously £85,000).
The limits were established as the approximate domestic currency equivalent of EUR 100,000.
