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Kiwibank's Retail Deposits Government Guaranteed

Contributor:
Fuseworks Media
Fuseworks Media
kiwibank.jpg
kiwibank.jpg

31 OCTOBER 2008 - Kiwibank is one of the first banks to be approved for the Government's guarantee scheme for retail bank deposits. Kiwibank's acceptance into the scheme has been confirmed by Treasury. Kiwibank Chief Executive Sam Knowles said the bank already has a guarantee from New Zealand Post, but the Government scheme will give even more security and confidence for customers. The Government scheme guarantees all deposits to a maximum of $1 million per customer.

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