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I'm not an American, but I'd like to take advantage of this good advice and put 6 months of emergency funds into a savings account. However, I don't know what account to use locally because there aren't FDIC or NCUSIF accounts here.

I have googled for some of the other terms mentioned ("insured savings account south africa") but that just gets me companies that do insurance and savings.

I live in South Africa, but it'd be preferable if other people in all different countries can figure out what their options are locally. I expect most countries have this option. Is there a more general term for the specific American one? How do I tell what my local equivalent is?

Joe
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In the UK we have the FSCS - Financial Services Compensation Scheme and a similar scheme -- EFDI operates across Europe.

However, it appears that such a scheme does not yet exist in South Africa, as this article from May 2017 details a proposal from the South African Reserve Bank and the National Treasury about setting one up.

TripeHound
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