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Financial Services Compensation Scheme

Financial Services Compensation Scheme

We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. Most depositors including most individuals are covered by the scheme.

In respect of deposits, a depositor who is eligible is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The limit relates to the combined amount in all the eligible depositor's accounts with the building society, including their share of any joint account, and not to each separate account.

Large companies and small local authorities are also covered by FSCS for compensation up to the limit of £85,000.

Please see our Financial Services Compensation Scheme Information Sheet and Exclusions List which summarises details of the Scheme.

For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please call us on 0800 093 0002 or ask at your local branch, refer to the FSCS website www.FSCS.org.uk or call the FSCS on 0800 678 1100. Please note only compensation related queries should be directed to the FSCS.

Please click here for further information or visit www.fscs.org.uk.

By following the above link, you will be able to view a guide to how the FSCS protects your money.

 

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