Tag Archives: FSCS

Bank of Cyprus now protected under FSCS

Thousands of savers with accounts from one Cypriot bank’s UK arm can now breathe easier after news has emerged that their deposits will now be protected by the Financial Services Compensation Scheme going forward.

Don’t fret over Santander deposits, FSCS says

While instability in the eurozone has tinged the waters with more than a bit of panic, you need not fret over any deposits you have with Spain-based banking giant Santander, said Mark Neale, chief executive of the Financial Services Compensation Scheme.

Worried about the eurozone crisis? The FSCS has your back

While the eurozone crisis is putting everyone’s teeth at edge – especially since Santander, one of the largest banks in the UK, is based in Spain, one of the countries that could be teetering on economic disaster – don’t forget that the Financial Services Compensation Scheme offers rock-solid guarantees for your deposits up to as much as £85,000 per banking group, experts say.