ASB, Kiwibank first off the rank to adopt scheme

ASB Bank and Kiwibank have been quick to advise their intention to immediately opt into the New Zealand Deposit Guarantee Scheme announced by the Minister of Finance last night.

"Most of the developed countries in the world now offer deposit guarantee schemes", said ASB in a statement.

"The New Zealand Deposit Guarantee Scheme will provide additional assurance to our customers that their deposits are safe in these uncertain times."

Kiwibank is also getting on board, chief executive Sam Knowles said today.

"The scheme means that under all circumstances, customers can be certain that they will get access to their deposits plus interest," said Knowles.

- NZHERALD STAFF