CODI (Corporation for Deposit Insurance), a vital safety net designed to protect bank depositors in South Africa. With CODI, you can have peace of mind knowing that your deposits are safeguarded up to R100,000 per qualifying customer in the unlikely event that a bank fails.
CODI covers a range of common banking products, including savings accounts, term deposits, and transaction accounts.
It's important to note that CODI is funded by banks, not the public. This initiative helps promote trust and stability within our financial system, ensuring that your deposits are secure.
For more information about CODI and how it works, Click here.