Splet04. jul. 2024 · If you hold money in a bank account which qualifies for FSCS protection, in the event that the bank goes into an insolvency procedure you will be entitled to a maximum payment from FSCS of £85,000, even if the value of your loss was bigger than this sum. If your money was held in a joint account, the maximum payment from FSCS is £170,000. SpletThe FSCS covers £85,000 of savings per individual, per financial institution - so by placing your savings in a joint bank account along with your partner, you're effectively doubling …
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SpletCompensation Scheme (FSCS) is in place to protect savers and compensate them if their chosen savings provider ceases trading and is unable to return their funds. The FSCS … SpletAll our savings accounts are covered by FSCS. All our savings accounts are provided by UK authorised banks and any money deposited in them is eligible for the Financial Services Compensation Scheme (FSCS), where the government guarantees the return of up to £85,000. How we keep your money safe Easy App & Quick ian andexser
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Spletonline.pcf.bank SpletThe FSCS would pay compensation up to the limit of £85,000 per person, per authorised deposit Group (bank, building society and credit unions). Since 3 July 2015, the FSCS … SpletHome Bank of England ian anderson wpi