Deposit Guarantee Scheme: Difference between revisions
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imported>Doug Williamson (Link with FSCS page.) |
imported>Doug Williamson (Expand. Source http://www.fscs.org.uk/what-we-cover/compensation-limits/deposit-limits/) |
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A scheme that guarantees certain bank depositors' funds (subject to specified limits) should the bank fail. | A scheme that guarantees certain bank depositors' funds (subject to specified limits) should the bank fail. | ||
With effect from 2016, the guaranteed amount in the UK is limited to £75,000 (previously £85,000). | |||
The amounts were established as the approximate domestic currency equivalent of EUR 100,000. | |||
Revision as of 21:33, 4 August 2016
(DGS).
A scheme that guarantees certain bank depositors' funds (subject to specified limits) should the bank fail.
With effect from 2016, the guaranteed amount in the UK is limited to £75,000 (previously £85,000).
The amounts were established as the approximate domestic currency equivalent of EUR 100,000.
