Southern Cross Building Society and Canterbury Building Society have been accepted into the Government's extended retail deposit guarantee.
Eight institutions have now been accepted in the scheme, which will extend the current guarantee that ends on 12 October.
The Crown's guarantee will allow eligible depositors to be repaid up to $250,000 each if the guaranteed institution fails to meet repayments to depositors.
Equitable Mortgages, Fisher & Paykel Finance, Marac Finance, PGG Wrightson Finance, South Canterbury Finance and the Wairarapa Building Society are the other institutions in the scheme.
