The FSD is an institution whose task is to safeguard the savings of
depositors from the insolvency of any body of the financial system
that is a member of the FSD
How FSD protect depositors?
Once an intervention or liquidation of a financial institution member
of the FSD by the Superintendence of Banking, Insurance and AFPs,
the FSD pay insurance to depositors equivalent to the amount of the
deposit plus accrued interest up to an amount not to exceed the
current maximum coverage amount,
How much does the insurance cost to depositors ?
There is no cost for depositors. FSD members pay a quarterly premium for this insurance. .
Who is protected and what kind of deposits are backed by FSD?
The FSD covers all nominative deposits, under any modality (checking accounts, saving deposits and term deposits) made by individuals and private non-profit entities, as well as deposits in checking accounte of any other juriicasl entities, except deposits from entities that belong to financial system
Which are the financial institutions the deposits in which are covered?
What is the Deposit Insurance Fund (FSD)?
