Fintech
FSCS
The Financial Services Compensation Scheme: the UK scheme that protects customers' deposits, up to a set limit per person per bank, if an authorised bank or building society fails.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
You'll hear it as
Our savings are with one bank, so only part is covered by the FSCS.
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