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Home FAQ How is Deposit Insurance funded?
How is Deposit Insurance funded? Print E-mail

Deposit insurance is different from many types of insurance, since individual depositors do not pay the premia for deposit insurance coverage.

The deposit insurance scheme administered by the BDIC is funded by premia income levied on deposit-taking financial institutions and investment income.  For this reason, BDIC currently only invests in safe and liquid investments, such as Barbados-dollar-denominated securities insured or guaranteed by the Government of Barbados.

 
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Disclaimer

Please Note: This website is designed to give general information about deposit insurance and should not be relied upon as definitive. The actual deposit insurance coverage provided by BDIC following the failure of a member institution is based on the deposit account records at the failed member institution and is governed by the Deposit Insurance Act.