Yes (up to 100,000 EUR per depositor)
Deposit guarantee scheme is a financial stability mechanism
implemented in many countries to protect bank depositors against the loss of their deposits
in the case when a bank is unable to meet its obligations to depositors
by compensating certain deposits held by depositors of the bank.
This compensation is paid out from the contributions which banks have made
into a deposit guarantee fund.
Deposit Guarantee in Sparkasse Ried im Innkreis-Haag am Hausruck
All credit institutions operating in Austria are obliged to participate
in Austrian deposit guarantee scheme.
Sparkasse Ried im Innkreis-Haag am Hausruck is a member of Sparkassen-Haftungs GmbH (s-Haftungs) and makes its contributions into it. In the case of Sparkasse Ried im Innkreis-Haag am Hausruck failure, eligible depositors having covered accounts
in this bank will be paid out the following compensation:
Maximum Protected Amount
Temporary High Balance
Austrian citizensforeign citizens
legal entities, for example
joint-stock companieslimited liability companiesgeneral partnershipslimited partnershipsregistered associationsetc.
current accountspension accountssavings accountssavings booksfixed-term deposits
all balances on interest-bearing and non-interest bearing accounts, such as
Sparkassen-Haftungs GmbH (s-Haftungs)
Am Belvedere 1, 1100 Vienna, Austria