On April 1, the full guarantee on bank deposits will expire, and you owe it to yourself to make sure your savings are not at risk. Here are some frequently asked questions about what happens if a bank fails after March 31:
Which of my bank-held savings deposits are covered?
Current deposits and regular savings accounts -- funds that are always available for withdrawal -- are fully insured through March 31, 2003. The full guarantee on time deposits, however, expires on April 1, and Deposit Insurance Corp. of Japan will insure a maximum 10 million yen of the principal in time deposits plus interest. This holds for each depositor per financial institution.