Amsterdam - Guarantees for Dutch savings accounts should be lowered, the Dutch banks said in a letter to Dutch Finance Minister Wouter Bos Monday.
Holders of savings accounts at Dutch banks are guaranteed for up to 100,000 euros (128,500 dollars) per person if a bank collapses.
In October, the sum guaranteed under Dutch law was increased for one year from 38,000 euros per account holder.
The Dutch central bank increased the guarantee to boost consumer confidence in the banking system, which reached a low in early October, when the government nationalized the Dutch division of former Belgian-Dutch Fortis bank and the Dutch subsidiary of Iceland's Landsbanki, Icesave, collapsed.