Financial Services Compensation Scheme: Difference between revisions
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==See also== | ==See also== | ||
* [[BIP]] | |||
* [[Deposit Guarantee Scheme]] | * [[Deposit Guarantee Scheme]] | ||
* [[Deposit insurance]] | * [[Deposit insurance]] | ||
Revision as of 12:20, 29 October 2016
(FSCS).
The UK scheme that guarantees certain bank and building society depositors' funds - subject to limits - should the bank or building society fail.
With effect from 2016, the guaranteed amount in the UK is limited to £75,000.
(It was previously £85,000.)
Similar deposit guarantee schemes operate in the majority of developed economies, under different names and with differing conditions and degrees of formality.
