PGG Wrightson Finance intends to apply to join the Government's extended deposit guarantee early next year.
Chief executive, Mark Darrow says it was not going to join as the scheme was too expensive under tougher criteria set out by the government to extend it a year until late 2011.
But after talks with officials, Mr Darrow says PGG Wrightson Finance can offer customers both guaranteed and non-guaranteed deposit products at the same time and use the interest rate differential to cover the cost.
He says the company should met the criteria by March, once it has finalised its credit rating.
