How much compensation are you entitled to if a bank fails?

Dec 21, 2011   //   by Keith McDonald   //   Banking and Savings Accounts, Latest Which4U Updates  //  Comments Off on 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)

[Read more at Which4U]

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