Skip to main content

Is it safe? / Penrith BS

Is Penrith BS safe?

Yes — Penrith BS is FSCS-protected. Deposits up to £120,000 per person (£240,000 for joint accounts) are covered under the Penrith Building Society banking licence (Penrith Building Society (mutual)).

Protection

FSCS to £120,000

Licence holder

Penrith Building Society

Parent company

Penrith Building Society (mutual)

Penrith BS's current savings rates

  • 1 Year Fixed Rate Bond (Issue 7)4.7% AER
  • 1 Year Fixed Rate E-Bond (Issue 7)4.7% AER

From the daily rates scrape. Compare every provider →

Worth knowing

FSCS also covers temporary high balances (house sale, inheritance) up to £1.4m for six months (raised December 2025). Compensation is automatic if a firm fails — typically paid within seven days.

Is Penrith BS safe? FSCS protection | StoozeMax