Add your savings accounts to check if your money is fully protected under the FSCS £120,000 limit.
This tool is for guidance only. FSCS coverage depends on the firm's regulatory status. Check fscs.org.uk for the definitive register.
The Financial Services Compensation Scheme (FSCS) protects your deposits if an authorised UK bank, building society, or credit union fails. The key rules are:
These banking groups operate multiple brands under a single FSCS licence. Your £120,000 limit covers all brands within each group combined.
| Licence group | Brands covered |
|---|---|
| Lloyds Bank plc | Lloyds, Club Lloyds, Lloyds Club, Lloyds Premier, MBNA, Scottish Widows Bank, Lloyds Bank Private Banking |
| Bank of Scotland plc | Halifax, Halifax Reward, Bank of Scotland, Birmingham Midshires, BM Savings, Intelligent Finance |
| National Westminster Bank plc | NatWest, NatWest Premier, Ulster Bank, Mettle, AA, SAGA, Saga |
| The Royal Bank of Scotland plc | RBS, Royal Bank of Scotland |
| HSBC UK Bank plc | HSBC, HSBC Advance, HSBC Premier, First Direct, M&S Bank |
| Santander UK plc | Santander, Santander Edge, Santander 123, cahoot |
| TSB Bank plc | TSB, TSB Spend & Save |
| Barclays Bank UK plc | Barclays, Barclays Premier, Barclays Blue Rewards, Tesco Bank |
| Nationwide Building Society | Nationwide, Nationwide FlexDirect, Virgin Money, Clydesdale Bank, Yorkshire Bank |
| The Co-operative Bank plc | Co-op Bank, Co-operative Bank |
| Coventry Building Society | Coventry BS, Coventry Building Society |
| Yorkshire Building Society | Yorkshire Building Society, YBS, Chelsea Building Society, Norwich & Peterborough Building Society |
| OakNorth Bank plc | OakNorth, OakNorth Bank |
| Shawbrook Bank Limited | Shawbrook, Shawbrook Bank |
| Goldman Sachs International Bank | Marcus, Marcus by Goldman Sachs |
| Oxbury Bank Plc | Oxbury Bank, Oxbury |
| RCI Bank UK Limited | RCI Bank UK, RCI Bank |
| Investec Bank plc | Investec Bank plc, Investec |
| Vanquis Bank Limited | Vanquis Bank, Snoop |
| Bank of Ireland (UK) plc | Post Office Money, Post Office Money®, Bank of Ireland UK |
The Financial Services Compensation Scheme (FSCS) is the UK's statutory deposit insurance scheme. If an authorised bank, building society, or credit union fails, the FSCS protects eligible depositors up to £120,000 per person, per banking licence. It's free and automatic — you don't need to sign up.
The FSCS protects up to £120,000 per person, per authorised firm (banking licence). For joint accounts, the limit is £240,000 (£120,000 per person). Any savings above this limit at a single institution are not protected if the bank fails.
Yes. Each person named on a joint account is protected up to £120,000, giving a combined limit of £240,000 per joint account at a single banking licence.
No — but they don't need to be. Premium Bonds are issued by NS&I (National Savings & Investments), which is backed by HM Treasury. Your money is 100% government-guaranteed with no upper limit, making them one of the safest places to hold cash in the UK.
Banks that operate in the UK under a European passport (rather than being UK-authorised) may be covered by their home country's deposit guarantee scheme instead of FSCS. Always check fscs.org.uk to confirm which scheme covers your deposits.
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