The EC Deposit-guarantee Schemes Directive (94/19/EC) sets the minimum terms on which depositors are protected throughout the European Union and European economic area. Some member states have introduced higher limits.
Arrangements for depositors in Irish banks are a matter for the Irish Government.
Deposits in Irish banks are covered up to a level of €100,000 by the Irish deposit guarantee scheme, under the terms of the Deposit Guarantee Schemes Directive. In addition to the protection of the Irish Deposit Guarantee Scheme, the Irish Government announced on 30 September 2008 that it would guarantee certain deposits with Irish banks, including all retail deposits, until 29 September 2010.