Xceda - Depositor Compensation Scheme

✔ Term Deposits

Our term deposits from 6 months to 5 years are tailored to accelerate your savings goals.

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✔ Notice Saver

Our 90 day notice saver lets you save that little bit extra – perfect for both individuals and SMEs.

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✔ Super Saver

Earn a premium rate of interest whilst your cash is on call, ready to use whenever you need it.

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Xceda is a Non-Bank Deposit Taker, licensed by the Reserve Bank of New Zealand (“RBNZ”). The RBNZ oversees our operations including our deposit taking and lending activities, in conjunction with other applicable New Zealand regulatory bodies (e.g. the Financial Markets Authority and the Commerce Commission).
Xceda is required under its RBNZ licence to maintain minimum levels of regulatory capital and liquidity ratios to enhance the strength and financial stability of the institution.
Xceda uses the term deposit funds alongside our own equity to provide lending products to the public. We finance personal loans, small business loans and mortgages. The majority of our lending products are secured against real assets, with over 95% of our loans as at 31st March 2024 secured against mortgages over New Zealand property.

The Depositor Compensation Scheme (DCS) covers you up to $100,000 if your deposit taker fails, when your money is held in DCS-protected accounts. The DCS is a government scheme that is funded by deposit takers and administered by the Reserve Bank of New Zealand – Te Pūtea Matua (RBNZ).

If a New Zealand deposit taker fails, the DCS
provides depositors with compensation of up to $100,000. The DCS gives depositors confidence that their money is protected, adding to the stability of New Zealand’s financial system. Many other parts of the world offer similar protection to depositors.

Your money is automatically protected if it is in a DCS-covered account, such as:

• Transaction accounts
• Savings accounts
• Notice accounts
• Term deposits

From 1 July 2025, your deposit taker is required to have a list of DCS-covered deposits on their website. Check with your deposit taker if you are unsure whether your money is protected.Some depositors are not eligible for the DCS, including government agencies. Find out more at dcs.govt.nz

Some money is not protected by the DCS,
including money held in:

• Bonds and other tradable products
• Managed investment schemes (including
KiwiSaver and other superannuation
schemes that are managed investment
schemes)
• Foreign currency accounts

Speak with your deposit taker if you’re unsure whether your money is protected by the DCS.

There is no direct cost to you when you hold
your money in DCS-protected accounts. The
RBNZ will collect a levy from deposit takers to fund the DCS.

You don’t need to do anything to be protected by the DCS if your money is held in DCS-protected accounts. Cover automatically comes into place on 1 July 2025.

Talk to us today. Call us on 0800 11 22 75 or email invest@xceda.co.nz for more information.

You can also visit the Reserve Bank of New Zealand website which has some great information regarding the Scheme: https://www.rbnz.govt.nz/dcs

Protect Your Savings

The Depositor Compensation Scheme (DCS) covers each depositor up to $100,000.

Coming 01 July 2025

Frequently Asked Questions

Talk to us today

Call us

0800 11 22 74

help@xceda.co.nz

0800 11 22 75

invest@xceda.co.nz

+64 7 306 0273