With the US Senate
proposing to raise the
FDIC insurance cap from $100,000 to
$250,000 I thought that I would survey every
country known to have or planning to have
deposit insurance. Here’s how the U.S.
stacks up.
Blogger’s Note: Table updated on October 12th 2008
| Nation & URL | Percent | Guarantee | Currency | USD | Guarantee in Dollars | Notes | |
|---|---|---|---|---|---|---|---|
| Albania | 100% on first 350,000 | 350,000 | ALL lekë | 0.0130 | $4,550 | $8,418 | |
| 85% on next 350,000 | 297,500 | ALL lekë | 0.0130 | $3,868 | |||
| Algeria | 100% on first 600,000 | 600,000 | DZD dinar | 0.0161 | $9,654 | ||
| Argentina | 100% on first 30,000 | 30,000 | ARS pesos | 0.3305 | $9,915 | ||
| Armenia | 100% on first 2,000,000 | 2,000,000 | AMD drams | 0.0033 | $6,600 | ||
| Australia | 100% on first unlimited | unlimited | AUD dollars | 0.9707 | unlimited | after 12/31/11 will return to AUD$20,000 | |
| Austria | 100% on first 20,000 | 20,000 | EUR euros | 1.5850 | $31,700 | 5 programs exist; temporary unlimited guarantee on all deposits | |
| Azerbaijan | 100% on first 4,000 | 4,000 | AZN manat | 1.2346 | $4,938 | ||
| Bahamas | 100% on first 50,000 | 50,000 | BSD dollars | 1.0025 | $50,125 | ||
| Bahrain | 75% on first 20,000 | 15,000 | BHD dinar | 2.6522 | $39,783 | ||
| Bangladesh | 100% on first 100,000 | 100,000 | BDT taka | 0.0146 | $1,458 | ||
| Barbados | BBD dollars | 0.5013 | pending | ||||
| Belarus | 80% on first 2,676,250 | 2,141,000 | BYR rubles | 0.0005 | $1,010 | ||
| Belgium | 100% on first 20,000 | 20,000 | EUR euros | 1.5850 | $31,700 | ||
| Bolivia | pending | ||||||
| Bosnia and Herzegovina | 100% on first 7,500 | 7,500 | BAM marka | 0.8102 | $6,077 | ||
| Brazil | 100% on first 60,000 | 60,000 | BRL reais | 0.6291 | $37,746 | ||
| Bulgaria | 100% on first 40,000 | 40,000 | BGN leva | 0.8110 | $32,440 | ||
| Cameroon | pending | ||||||
| Canada | 100% on first 100,000 | 100,000 | CAD dollars | 0.9931 | $99,310 | higher in some provinces | |
| Canada | |||||||
| Canada | |||||||
| Central African Republic | pending | ||||||
| Chad | pending | ||||||
| Chile | 90% on first 133 | 120 | USD Unidades de Fomento | 41.2331 | $4,948 | inflation adjusted system | |
| China | CNY | 0.1466 | planned | ||||
| Colombia | 75% on first 26,666,667 | 20,000,000 | COP pesos | 0.0006 | $11,220 | ||
| Congo | pending | ||||||
| Costa Rica | under study | ||||||
| Croatia | 100% on first 100,000 | 100,000 | HRK kuna | 0.2195 | $21,950 | ||
| Cyprus | 90% on first 22,222 | 20,000 | EUR euros | 1.5850 | $31,700 | ||
| Czech Republic | 90% on first 27,778 | 25,000 | EUR euros | 1.5850 | $39,625 | ||
| Denmark | 100% on first 300,000 | 300,000 | DKK kroner | 0.2124 | $63,720 | temporary unlimited guarantee on all deposits | |
| Dominican Republic | 100% on first unlimited | unlimited | DOP pesos | 0.0292 | unlimited | ||
| Ecuador | 100% on first 12,200 | 12,200 | USD dollars | 1.0000 | $12,200 | ||
| El Salvador | 100% on first 8,500 | 8,500 | USD dollars | 1.0000 | $8,500 | ||
| Equatorial Guinea | pending | ||||||
| Estonia | 90% on first 14,202 | 12,782 | EUR euros | 1.5850 | $20,259 | ||
| Finland | 100% on first 25,000 | 25,000 | EUR euros | 1.5850 | $39,625 | ||
| France | 100% on first 70,000 | 70,000 | EUR euros | 1.5850 | $110,950 | ||
| 100% on first unlimited | unlimited | EUR euros | 1.5850 | unlimited | notary managed accounts | ||
| Gabon | pending | ||||||
| Georgia | planned | ||||||
| Germany | 90% on first 22,222 | 20,000 | EUR euros | 1.5850 | $31,700 | 8 programs exist; on 10/5/08 the German gov’t offered unlimited protection for individuals | |
| Gibraltar | 90% on first 22,222 | 20,000 | GBP pounds | 1.9980 | $39,960 | ||
| Greece | 100% on first 20,000 | 20,000 | EUR euros | 1.5850 | $31,700 | ||
| Guatemala | 100% on first 20,000 | 20,000 | GTQ quetzales | 0.1358 | $2,716 | ||
| Honduras | 100% on first 165,000 | 165,000 | HNL lempiras | 0.0529 | $8,735 | ||
| Hong Kong | 100% on first 100,000 | 100,000 | HKD dollars | 0.1282 | $12,820 | ||
| Hungary | 100% on first 6,000,000 | 6,000,000 | HUF forint | 0.0069 | $41,616 | ||
| Iceland | 100% on first 20,887 | 20,887 | EUR euros | 1.5850 | $33,106 | unlimited guarantee for deposits located inside Iceland | |
| India | 100% on first 100,000 | 100,000 | INR rupees | 0.0234 | $2,340 | ||
| Indonesia | 100% on first 100,000,000 | 100,000,000 | IDR rupiah | 0.0001 | $10,930 | ||
| Ireland | 100% on first 100,000 | 100,000 | EUR euros | 1.5850 | $158,500 | unlimited guarantee at Allied Irish Bank, Bank of Ireland, Anglo Irish Bank, Irish Life and Permanent, Irish Nationwide Building Society and the Educational Building Society | |
| Isle of Man | 100% on first 30,000 | 30,000 | GBP pounds | 1.9980 | $59,940 | $95,904 | |
| 90% on next 20,000 | 18,000 | GBP pounds | 1.9980 | $35,964 | |||
| Italy | 100% on first 200,000,000 | 200,000,000 | ITL lire | 0.0008 | $163,717 | 3 programs exist | |
| Jamaica | 100% on first 600,000 | 600,000 | JMD dollars | 0.0140 | $8,424 | ||
| Japan | 100% on first 10,000,000 | 10,000,000 | JPY yen | 0.0094 | $93,500 | ||
| 100% on first unlimited | unlimited | JPY yen | 0.0094 | unlimited | non-interest accounts fully insured | ||
| Jordan | 100% on first 10,000 | 10,000 | JOD dinars | 1.4137 | $14,137 | ||
| Kazakhstan | 100% on first 700,000 | 700,000 | KZT tenge | 0.0083 | $5,824 | ||
| Kenya | 100% on first 100,000 | 100,000 | KES shillings | 0.0151 | $1,508 | ||
| Korea | 100% on first 50,000,000 | 50,000,000 | KRW won | 0.0010 | $49,305 | ||
| Kosovo | under study | ||||||
| Kyrgyz Republic | planned | ||||||
| Laos | LAK kip | 0.0001 | unknown plan | ||||
| Latvia | 100% on first 15,000 | 15,000 | EUR euros | 1.5850 | $23,775 | ||
| Lebanon | 100% on first 5,000,000 | 5,000,000 | LBP pounds | 0.0007 | $3,317 | ||
| Liechtenstein | 100% on first 20,000 | 20,000 | EUR euros | 1.5850 | $31,700 | ||
| Lithuania | 90% on first 19,308 | 17,377 | EUR euros | 1.5850 | $27,543 | ||
| Luxembourg | 100% on first 20,000 | 20,000 | EUR euros | 1.5850 | $31,700 | ||
| Macedonia | 100% on first 10,000 | 10,000 | EUR euros | 1.5850 | $15,850 | $31,700 | |
| 90% on next 11,111 | 10,000 | EUR euros | 1.5850 | $15,850 | |||
| Malaysia | 100% on first 60,000 | 60,000 | MYR ringgit | 0.3092 | $18,552 | ||
| Malta | 90% on first 22,222 | 20,000 | EUR euros | 1.5850 | $31,700 | ||
| Marshall Islands | 100% on first 100,000 | 100,000 | USD dollars | 1.0000 | $100,000 | FDIC insured | |
| Mexico | 100% on first 400,000 | 400,000 | MXV Unidades de Inversion | 0.3956 | $158,243 | inflation adjusted system | |
| Micronesia | 100% on first 100,000 | 100,000 | USD dollars | 1.0000 | $100,000 | FDIC insured | |
| Moldova | 100% on first 4,500 | 4,500 | MDL lei | 0.1028 | $463 | ||
| Mongolia | planned | ||||||
| Montenegro | EUR euros | 1.5850 | unknown plan | ||||
| Morocco | 100% on first 50,000 | 50,000 | MAD dirhams | 0.1379 | $6,895 | ||
| Netherlands | 100% on first 100,000 | 100,000 | EUR euros | 1.5850 | $158,500 | returns to 38,000 euros on 10/7/2009 | |
| New Zealand | planned | ||||||
| Nicaragua | 100% on first 20,000 | 20,000 | USD cordobas | 1.0000 | $20,000 | ||
| Nigeria | 100% on first 200,000 | 200,000 | NGN naira | 0.0084 | $1,688 | ||
| Norway | 100% on first 2,000,000 | 2,000,000 | NOK kroner | 0.1966 | $393,200 | ||
| Oman | 75% on first 26,667 | 20,000 | OMR rial | 2.5977 | $51,954 | ||
| Pakistan | planned | ||||||
| Panama | under study | ||||||
| Paraguay | 100% on first 64,207,500 | 64,207,500 | PYG guaranies | 0.0003 | $16,347 | ||
| Peru | 100% on first 82,845 | 82,845 | PEN nuevos soles | 0.3512 | $29,095 | ||
| Philippines | 100% on first 250,000 | 250,000 | PHP pesos | 0.0226 | $5,653 | ||
| Poland | 100% on first 1,000 | 1,000 | EUR euros | 1.5850 | $1,585 | $32,255 | |
| 90% on next 21,500 | 19,350 | EUR euros | 1.5850 | $30,670 | |||
| Portugal | 100% on first 5,000,000 | 5,000,000 | PTE escudos | 0.0079 | $39,525 | ||
| Puerto Rico | 100% on first 100,000 | 100,000 | USD dollars | 1.0000 | $100,000 | FDIC insured | |
| Romania | 100% on first 12,522 | 12,522 | RON lei | 0.4454 | $5,577 | ||
| Russia | 100% on first 100,000 | 100,000 | RUB rubles | 0.0431 | $4,307 | $17,228 | |
| 90% on next 333,333 | 300,000 | RUB rubles | 0.0431 | $12,921 | |||
| Serbia | 100% on first 5,000 | 5,000 | CSD dinar | 0.0173 | $87 | ||
| Singapore | 100% on first 20,000 | 20,000 | SGD dollars | 0.7399 | $14,798 | ||
| Slovakia | 90% on first 22,222 | 20,000 | EUR euros | 1.5850 | $31,700 | ||
| Slovenia | 100% 25,025 | 25,025 | EUR euros | 1.5850 | $39,665 | ||
| South Africa | pending | ||||||
| Spain | 100% on first 20,000 | 20,000 | EUR euros | 1.5850 | $31,700 | ||
| Sri Lanka | 100% on first 100,000 | 100,000 | LKR rupees | 0.0093 | $930 | ||
| Sudan | SDD pounds | 0.0043 | unknown plan | ||||
| Sweden | 100% on first 500,000 | 500,000 | SEK kronor | 0.1676 | $83,800 | temporary unlimited guarantee on all deposits | |
| Switzerland | 100% on first 30,000 | 30,000 | CHF francs | 0.9776 | $29,328 | private banks | |
| Switzerland | 100% on first unlimited | unlimited | CHF francs | 0.9776 | unlimited | cantonal banks | |
| Taiwan | 100% on first 1,500,000 | 1,500,000 | TWD dollars | 0.0330 | $49,440 | ||
| Tajikistan | 100% on first 1,000 | 1,000 | TJS somoni | 0.2899 | $290 | ||
| Tanzania | 100% 250,000 | 250,000 | TZS shillings | 0.0009 | $214 | ||
| Thailand | planned | ||||||
| Trinidad and Tobago | 100% 50,000 | 50,000 | TTD dollars | 0.1646 | $8,230 | ||
| Turkey | 100% on first 50,000 | 50,000 | TRY lira | 0.8393 | $41,965 | ||
| Uganda | 100% 3,000,000 | 3,000,000 | UGX shillings | 0.0006 | $1,823 | ||
| UK | 100% on first 50,000 | 50,000 | GBP pounds | 1.9980 | $99,900 | ||
| Ukraine | 100% 2,000 | 2,000 | UAH hryvni | 0.2179 | $436 | ||
| Uruguay | UYU pesos | 0.0522 | unknown plan | ||||
| USA | 100% on first 250,000 | 250,000 | USD dollars | 1.0000 | $250,000 | after 12/31/09 will return to $100,000 | |
| 100% on first 250,000 | 250,000 | USD dollars | 1.0000 | $250,000 | IRAs | ||
| Uzbekistan | UZS som | 0.0009 | unknown plan | ||||
| Venezuela | 100% 10,000,000 | 10,000,000 | VEB bolivares fuertes | 0.0005 | $4,657 | ||
| Vietnam | 100% on first 200,000 | 50,000,000 | VND dong | 0.0001 | $2,958 | ||
| Yemen | YER rials | 0.0050 | unknown plan | ||||
| Zimbabwe | 100% on first 15,000,000 | 15,000,000 | ZWD dollars | 0.0000 | $551 | ||