The Government has included Canterbury Building Society and Southern Cross Building Society in its extended retail deposit guarantee. This has secured d the investors for another one and a half year.

The number of financiers guaranteed by the Government for a period ending 2011 has reached 8 with the recent additions.

Those included ahead of the recent two were the Wairarapa Building Society, Marac Finance, South Canterbury Finance, Equitable Mortgages Ltd, PGG Wrightson Finance and F&P Finance.

As per the guarantee scheme, the deposit takers will have to pay a premium to the government which will depend on their credit rating. The scheme will allow the investors to repay amount up to $250,000.

The extended scheme was launched by Finance Minister Bill English, which has imposed a larger burden on those finance companies who are interested in taking accessibility to the scheme.

Following the inclusion, Canterbury Building Society's shares remain almost unaltered at $2.80. However, the shares trades have dipped to 8.2%, this year.