By saving your money in an EU member country, you ensure that your savings are protected by the directive 2014/49/EU of the European Parliament and of the Council of 16 April 2014. This directive on deposit guarantee schemes enacted some rules about the way your deposits will be protected.
Under this directive, in any member state, in case of a bankruptcy of your credit institution, the Deposit Guarantee Scheme (DGS) will pay out up to 100 000 € per person, per credit institution whether you are a resident in the country or foreigner.
Yes, very member country of the European Union has a DGS under the EU directive.
The amount guaranteed is 100 000 € per credit institution which means that if you have accounts in three different credit institutions, your deposits are protected up to 100 000 € in each bank.
If you have 50 000 € on a saving account and 75 000 € on a deposit account in the same bank, the DGS would pay out 100 000 € on your 125 000 € in this bank.
If you have 95 000 € on an account in the Bulgarian American Credit Bank and 80 000 € on an account in SG Express Bank, and the two banks go bankrupt, the Bulgarian Deposit Insurance Fund will pay out 175 000 €
Warning : the 100 000 € guarantee is per credit institution, so if you have money in two subsidiaries of the same credit institution, the DGS will pay out you a maximal amount of 100 000 € for all your deposits in these two banks.