FACTBOX: European bank deposit schemes

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(Reuters) - More European governments followed Germany's lead over the weekend, offering blanket deposit guarantees to savers in a frantic effort to calm fears among investors over the worst financial crisis in 80 years.

Here are details of bank deposit guarantee schemes in some European countries:

AUSTRIA:

-- Austria said on Sunday it would follow Germany in guaranteeing the deposits of retail savers. However, a decision regarding the new level of the deposit guarantee would be made only after Monday's meeting of EU finance ministers.

-- Deposits are currently guaranteed up to 20,000 euros ($27,720). There are several programs for commercial, cooperative and savings banks, some of which voluntarily offer a higher guarantee.

BULGARIA:

-- The Bulgarian Deposit Insurance Fund insures depositors for amounts up to 40,000 levs (20,425 euros) in each bank.

-- All banks that operate in Bulgaria pay annual contributions to the fund. Branches of foreign banks operating in Bulgaria, whose headquarters are in countries where there are no guarantee schemes, also contribute to the fund.

DENMARK:

-- The Danish government early on Monday guaranteed all bank deposits in Denmark as part of a deal with banks to set up a 35 billion Danish crown ($6.50 billion) liquidation fund.

-- Until now the Guarantee Fund for Depositors and Investors covered cash deposits up to 300,000 crowns (40,201 euros). The Guarantee Fund covers deposits with the financial institution less any debt to the financial institution.

FRANCE:

-- The deposit guarantee, known as a "cash guarantee," gives each depositor a maximum compensation limit of 70,000 euros. The maximum guarantee applies to each institution, regardless of the number of accounts opened by the same depositor in France or in branches of the institution located in the European Economic Area.

GERMANY:

-- Germany offered a blanket guarantee on bank deposits which would guarantee more than 500 billion euros ($693 billion) in private deposit accounts. Until now, the Compensation Scheme of German Banks (EdB) was limited to 90 percent of deposits and the equivalent of 20,000 euros for each depositor.