Saving Grace: How much compensation are you entitled to if a bank fails?
Any ideas? Don’t worry if not. You’re in the majority.
UK savers are protected for up to £85,000 per person per financial institution.
And despite a multi-million-pound television advertising campaign designed to raise awareness about the guaranteed compensation level for savings UK deposits, only 3% of people are aware of the measures at the close of 2011, according to the Financial Services Compensation Scheme (FSCS).
FSCS Advert...? (Nope. Me neither)