Inflation forces the Central Bank to raise the maximum deposit guarantee amount. The last update had been at the end of 2022, when it had taken this maximum to $6 million.
Bank deposits are guaranteed by Seguros de Depósitos SA (Sedesa) In this way, if a bank closes its doors or changes ownership, savers' deposits, savings accounts and checking accounts have this support. The update corresponds to an increase of 733% of this insured amount.