What is FSCS protection?
Keeping your money safe is super important to us! That’s why we want to explain how your savings are protected with us. Don’t worry, we’ll keep it simple! What is the FSCS?. The FSCS is like a safety…
Keeping your money safe is super important to us! That’s why we want to explain how your savings are protected with us. Don’t worry, we’ll keep it simple!
What is the FSCS?
The FSCS is like a safety net for your money. If a bank, building society, or credit place (like us!) has problems and can’t give you your money back, the FSCS will step in to help.
Good news - it’s free! You don’t need to do anything to be covered. It happens automatically, so your money is safe without any extra work.
How does FSCS protect my money?
If something happened and we couldn’t give you your money, the FSCS would send it back to you quickly. You don’t even need to ask - they just do it!
How much money is protected?
The FSCS protects:
- Up to £120,000 for one person.
- So, if you have £120,000 or less saved with us, your money is 100% safe.
How quickly would I get my money?
If something went wrong, the FSCS usually gives your money back within 7 days! That’s pretty fast, so you don’t have to worry.
Why does this matter?
We want you to feel happy and confident that your money is safe with us. FSCS protection is just one way we make sure your savings are secure.
Have questions? Our team is here to help. Just ask!
How did we do?
Life savings - what it is and how it helps
How do I change my monthly savings contribution?