Fondo de Garantía de Depósitos

The Deposit Guarantee Fund of Credit Institutions (Spanish: Fondo de Garantía de Depósitos de Entidades de Crédito, FGD) is a Spanish deposit guarantee fund financed by retail, cooperative, and savings banks (Spanish: cajas de ahorros) as well as the Spanish central bank covering deposits in Spanish banks. == History == First set up in 1977, it originally guaranteed deposits up to the equivalent of 15,000 euros per account and account holder.

Source: Wikipedia — Fondo de Garantía de Depósitos (CC BY-SA 4.0)