2 - What is the maximum compensation amount under the deposit guarantee scheme?

In France and throughout the European Union, the amount of the compensation under the deposit guarantee scheme is capped at €100,000 per customer, per institution.


Products covered by the deposit guarantee scheme

The guarantee covers all deposits, savings and other accounts held by a customer at a single institution, regardless of the currency in which they are denominated:

  • Current accounts, deposit accounts, demand and term accounts;
  • savings accounts and savings plans (Compte Epargne Logement (CEL) savings account, Plan d’Epargne Logement (PEL) savings plan, Plan d’Epargne Populaire (PEP) savings plan, etc.);
  • Livret Jeune savings accounts;
  • cash accounts associated with an equity savings scheme (PEA), a pension savings scheme (PER) or equivalent held at an FGDR affiliated institution;
  • bank cheques issued.



Important note:
All amounts deposited in savings accounts with French government guarantee accounts are guaranteed by the government up to an amount of €100,000 per customer, per institution:

  • Livret type 'A' savings accounts (including Crédit Mutuel Livret Bleu savings accounts);
  • Livret Développement Durable (LDD) savings accounts;
  • Livret d’Epargne Populaire (LEP) savings accounts.

The French government guarantee is independent of the FGDR guarantee that covers other deposit accounts. FGDR pays compensation under the French government guarantee at the request of and for the French government.


To learn more about the products covered, refer to the "Deposit Guarantee" section