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From 1 July 2025, eligible deposits with Christian Savings will be protected by the Depositor Compensation Scheme (DCS). This means that, in the unlikely event that a deposit taker were to fail, the Scheme will compensate eligible depositors up to $100,000 per depositor. It is funded by deposit takers like us and backed by the New Zealand government.
This new scheme is part of a broader effort to build trust and stability in Aotearoa New Zealand’s financial system, and was recommended by the International Monetary Fund (IMF). Before now we were one of the only OECD countries without a scheme, so we’re all for this move.
No need to sign up. You’re covered as long as your account and deposit meet the eligibility criteria.
Per eligible depositor.
And administered by the Reserve Bank of New Zealand – Te Pūtea Matua.
The DCS covers most individual and organisational depositors, including:
Personal accounts
Joint accounts
Companies and trusts
Churches and charities
*Some exceptions apply in limited circumstances.
Deposits held with Christian Savings that will be covered under the DCS include:
Term Deposits including Kids & Teens Deposits
Call Accounts
Charitable Deposits
Excluded:
Funeral Deposits
To learn more about how the Depositor Compensation Scheme works, visit the official Reserve Bank website: www.rbnz.govt.nz/dcs
If you have questions about how your Christian Savings deposits are affected, we’re here to help:
Christian Savings is committed to wise stewardship and faithfully protecting your resources. The Depositor Compensation Scheme adds another layer of assurance so you can save and invest with even more confidence—knowing your money is not only working for good but also backed by the government’s Scheme.