Deposit insurance / government guarantee
In the event of bankruptcy of a bank, credit balances up to a maximum amount are protected by the esisuisse deposit guarantee. Zuger Kantonalbank additionally has a government guarantee. Canton Zug will assume responsibility for Zuger Kantonalbank’s liabilities, should the bank’s resources be insufficient.
esisuisse deposit guarantee
Deposit insurance protects the credit balances of private and corporate clients in the event of a bank or securities firm’s bankruptcy. This guarantee is regulated by law. The protection is limited to a maximum of CHF 100 000 per client and institution. Multiple accounts are added together. esisuisse guarantees that it will cover protected deposits in the context of the self-regulation of Swiss banks and securities firms. Deposits at Zuger Kantonalbank are covered by the deposit insurance scheme.