Thüringer Aufbaubank, Anstalt des öffentlichen Rechts (Germany)

Thüringer Aufbaubank, Anstalt des öffentlichen Rechts

Deposit Guarantee

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 Thüringer Aufbaubank, Anstalt des öffentlichen Rechts

All credit institutions operating in Germany are obliged to participate in German deposit guarantee scheme.

Thüringer Aufbaubank, Anstalt des öffentlichen Rechts is a member of Entschädigungseinrichtung des Bundesverbandes Öffentlicher Banken GmbH (EdOe) and makes its contributions into it. In the case of Thüringer Aufbaubank, Anstalt des öffentlichen Rechts failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Maximum Protected Amount

100,000 EUR

Temporary High Balance

500,000 EUR

Eligible Depositors

individuals
partnerships
companies of any size

Non-Eligible Depositors

credit institutions
financial institutions
investment firms
public authorities

Covered Accounts

all deposit accounts, including