Savers Protection

If a bank or building society goes under the amount of compensation you can get is relatively low.

UK Banks including deposits in branches of UK Banks in rest of EEA Bank Deposit Protection Fund Banking Act 1987 - 90 of the first £20K per individual.

UK Building Societies including deposits in branches of UK Building Societies in rest of EEA Building Societies Investor Protection Fund Building Societies Act 1986- 90 of the first £20K per individual.

Also see

• The regulators
• Ombudsmen

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  2009-02-17 00:00:00 © Moneyextra.com