Accounts and other products covered and not covered

List of savings accounts and other savings products covered and not covered by the FGDR

The table below shows the main deposit accounts and other savings products along with their associated guarantee. Some products may combine several types of savings or other accounts. To obtain detailed information about the guarantee applicable to these accounts, please contact the institution that offers them.

 
SCOPE OF THE DEPOSIT GUARANTEE SCHEME

PRODUCTS COVERED BY THE DEPOSIT GUARANTEE SCHEME

All amounts deposited in current accounts and savings accounts are covered regardless of the currency in which the accounts are denominated :
 

> current account, demand account or term account ;

> savings account or savings plan (Compte Epargne Logement (CEL) savings account, Plan d’Epargne Logement (PEL) savings plan, Plan d’Epargne Populaire (PEP) savings plan, etc.) ;

> 'Livret Jeune' savings account

> cash account associated with an equity savings scheme (PEA), a pension savings scheme (PER) or equivalent held at an FGDR affiliated institution ;

> bank cheque issued and not cashed.

FGDR DEPOSIT GUARANTEE SCHEME

 

 

Up to €100,000 per customer, per institution.

All the amounts deposited in savings accounts guaranteed by the French government are covered:
 

> Livret type 'A' savings account (and Livret Bleu savings account);

> Livret Développement Durable (LDD) savings account;

> and Livret d'Epargne Populaire (LEP) savings account.

 

These deposits are added up and compensated to a limit of €100,000 per customer and per institution.

The FGDR compensates customers on behalf of the French government. 

SCOPE OF THE INVESTOR COMPENSATION SCHEME

The FGDR covers all securities and financial instruments :
 

> Security or other financial instrument: stock, bond, unit of an open-end investment company or mutual fund invested in an equity savings scheme (PEA) or securities account;

> Certificate of deposit, negotiable debt instrument (TCN).

 

 

Note: the investor compensation scheme is initiated only when two conditions are met:

 

1/ the securities have disappeared from the accounts;

 

2/ the institution at which the account is held is in suspension of payments and cannot return or reimburse the securities.

 

 

FGDR INVESTOR COMPENSATION SCHEME

 

Securities compensated up to €70,000 per customer and per institution regardless of the currencies in which the securities are denominated.

 

- The Cash associated with securities accounts is also compensated:

 

    up to €70,000 if the cash account associated with the securities account is held by an investment firm and denominated in euros or in another currency of the EEA;

   included in the amounts covered by the deposit guarantee scheme, up to €100,000, if the institution at which the account is held is a bank.

 

PRODUCTS NOT COVERED BY THE FGDR
OR COVERED BY ANOTHER SCHEME

Product covered by the FGDR are particulary :
 

> life insurance policy, capitalisation policy with an insurance company;

> pension savings scheme (PER, PERP, PEP) with an insurance company;

> collective pension savings scheme (PERCO, PERCO-I, PERE);

> company savings scheme (PEE) and inter company savings scheme  (PEI);

> notes, coins and items entrusted to your bank's safety deposit department;

> anonymous deposit or instrument with a holder who cannot be identified;

> cash recorded on an electronic medium  (Monéo);

> deposit of equity;

> cash vouchers.

 

See Article 312-41 of the Monetary and Financial Code.

 

GUARANTEE BY ANOTHER SYSTEMS OR WITHOUT A GUARANTEE.

 

 

 

Enquire at your bank.

 

Click here to download the PDF of the above table.

Click here to download the brochure "Protecting your accounts in the event that your bank fails".