Savings Association Insurance Fund

The Savings Association Insurance Fund (SAIF) was a U.S. government program that protected depositors in savings institutions, such as savings and loan associations, in case the institution failed. Established in 1989, SAIF ensured that customers would get their insured deposits back, similar to the Federal Deposit Insurance Corporation (FDIC) for commercial banks. It aimed to promote stability in the financial system and maintain public confidence in savings institutions. In 2006, SAIF was merged into the FDIC, which continues to provide this essential safety net for depositors.