The time deposits are 100 percent protected up to 100,000 euros. Reason: SWK Bank is subject to statutory deposit protection. In the event of bank insolvency, deposits up to 100,000 euros are protected and repaid in full within seven working days.
Note: The responsible deposit guarantee scheme is the Entschädigungseinrichtung deutscher Banken GmbH. Customers can find further information at www.edb-banken.de.
Would you like to learn more? Start your application here on the partner page of SWK and Penta or browse through our Penta blog article.