Is my money safe?
It is very unlikely that the government will let a big UK bank collapse. Furthermore, all UK bank and building society savings products are covered by the Financial Services Compensation Scheme (FSCS)
The FSCS is an independent financial policy, set up and regulated by the Financial Services Authority (FSA), which guarantees that you'll be able to claim the first £50,000 of any savings if a bank or building society collapses financially.
For more information on this, please consult a financial adviser.
Share this..
Related stories
Financial Guides
Financial Calculators
Latest News
Blogs
Helpful new tax year facts that could affect you and your money
Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.
Useful Links
Popular Searches