WHAT IS THE DEPOSITORS’ RESPONSIBILITY?

Depositors are ultimately responsible for the choices they make about where to deposit their funds. With the coming of Deposit Insurance, the 100% Government guarantee which depositors have been benefiting from recently ceases to exist.

The gains or losses resulting from your choice about where to put your money and in what kinds of accounts are yours. It is therefore very important that you take great care in exercising that choice and select a well-managed institution in which to deposit your funds.

WHAT DOES JDIC INSURE?

The majority of funds received by a deposit taking financial institution in its usual course of business are insured. These include:

	Savings & Chequing Accounts	Time Deposits
	Certificates of Deposit, (ie. CDs)	Managers’ Cheques, Money Orders, Drafts
	Travellers Cheques Issued By The Financial Institution	A Share In a Building Society (other than capital shares, preference shares)