Financial Services Compensation Scheme: Difference between revisions
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imported>Doug Williamson (Update guaranteed amount payable for 2017.) |
imported>Doug Williamson (Remove historical limit.) |
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With effect from 2017, the guaranteed amount in the UK is limited to £85,000. | With effect from 2017, the guaranteed amount in the UK is limited to £85,000. | ||
Revision as of 17:19, 12 January 2018
(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 2017, the guaranteed amount in the UK is limited to £85,000.
Similar deposit guarantee schemes operate in the majority of developed economies, under different names and with differing conditions and degrees of formality.
