Here’s how to work out what protection you have if something goes wrong…

Is your account UK-regulated?

If you have your savings with a UK bank or building society it will be registered with the City regulator, the Financial Conduct Authority (FCA).

This means you will have protection from the Financial Services Compensation Scheme (FSCS) in the unlikely event that it goes bust.

This scheme pays out up to £85,000 per person, or £170,000 for joint accounts, per financial institution, if your bank or building society fails.

This protection limit was increased at the start of 2011 to bring it in line with the rest of Europe, where savers receive €100,000 of protection.

Foreign-owned banks

If your bank is foreign-owned, but offers products to British savers, the chances are it will also be registered with the FCA.

Check your bank’s website to confirm this, and if you’re still not sure, give them a call or check on the FCA's website.

Some providers that operate here in the UK aren't registered with the FCA. Instead, you'll be protected by the compensation scheme that operates in their country of origin.

For example, if you have a savings account with Triodos Bank, you're protected by the Dutch compensation scheme up to €100,000.

Who owns whom?

Protection offered by the FSCS is per institution NOT per account.

This can make it difficult to work out whether your savings are safe, because some institutions operate a number of different brands.

You only get protection from each individual brand if they are each registered separately with the FCA.

If there is a only a single registration for the entire group, you will only have £85,000 protection across all that institution's brands.

For example, Lloyds Banking Group, which was formed by the merger of Lloyds TSB and HBOS has two banking licences.

To make matters more complicated, there are a number of brands that operate under the HBOS licence: Halifax, Bank of Scotland, BM Savings, Intelligent Finance, The AA and Saga.

This means that if you have a savings account with Halifax, and another with BM Savings, only £85,000 is protected.

But if you had a Halifax account and an account with Lloyds Bank, you could protect £170,000 of your cash savings because they are registered separately with the FCA.

You only get protection from each individual brand if they are each registered separately with the FCA.
If you want to be certain your savings are safe, you should never save more than £85,000 with any one institution.

The only place where your savings are protected above the £85,000 limit is National Savings & Investments (NS&I), because it is backed by the Government.

The table below which shows you what protection you have with the main savings providers that operate in the UK.

The information in this article was last updated on January 9, 2015.


Parent company & country of origin

Maximum level of protection

(formerly Abbey)
Alliance & Leicester
Bradford & Bingley

Banco Santander, Spain

£85,000 (in total)

Anglo Irish Bank

Anglo Irish Bank plc, Ireland

€100,000 (about £85,000) will be guaranteed under the Irish Deposit Guarantee Scheme. Remaining amount covered by the Irish Government's Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009

Bank of Baroda

Bank of Baroda, India


 Bank of Cyprus UK

Bank of Cyprus, Cyprus

Cypriot Deposit Protection Scheme covers up to €100,000 (about £85,000)

Bank of Scotland
The AA
Birmingham Midshires/BM Savings
Intelligent Finance

Lloyds Banking Group, UK

£85,000 (in total)

Bank of Ireland
Bristol & West

Bank of Ireland, Ireland

€100,000 (about £85,000) will be guaranteed under the Irish Deposit Guarantee Scheme. Remaining amount covered by the Irish Government's Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009


ING Direct2

Barclays Bank plc, UK

£85,000 (in total)

Cater Allen Private Bank

Banco Santander, Spain



Citigroup Inc. USA



Close Brothers

Close Brothers Group plc, UK


Clydesdale Bank
Yorkshire Bank

National Bank Group, Australia

£85,000 (in total)

Coventry Building Society
Stroud & Swindon Building Society3

Coventry Building Society, UK

£85,000 (in total) 




FirstSave Bank of Nigeria 

Bank of Nigeria, Nigeria


First Direct 

HSBC Bank plc, UK

£85,000 (in total)


ICICI Bank Limited, India






Investec Private Bank

Investec Bank plc, UK


Julian Hodge Bank

Julian Hodge Bank


Kent Reliance Building Society

OneSavings Bank plc, UK


Laiki Bank

Marfin Popular Bank (Cyprus)

Central Bank of Cyprus Deposit Protection Scheme covers up to €100,000 (about £85,000)

 Leeds Building Society

 Leeds Building Society, UK


Lloyds Bank

Lloyds Banking Group, UK


Manchester Building Society

Manchester Building Society, UK


Mansfield Building Society

Mansfield Building Society, UK


 Market Harborough Building Society

Market Harborough Building Society, UK 



 Marks & Spencer Money

Marks & Spencer Financial Services plc & HSBC, UK


National Savings & Investments

Bank of England/HM Treasury

All deposits backed by UK Government. 100% protected


Royal Bank of Scotland plc, UK



Cheshire Building Society
Derbshire Buidling Society
Dunfermline Buidling Society4

Nationwide Building Society, UK 

£85,000 (in total) 3

Newcastle Building Society 

Newcastle Building Society, UK








Building Society

Building Society, UK


Post Office

 Bank of Ireland (UK) plc, EIRE


Principality Building Society

Principality Building Society, UK


Progressive Building Society

Progressive Building Society, UK


Punjab National Bank

Punjab National Bank, India (PNB)


Rothschild Reserve

N M Rothschild & Sons Limited, UK


Royal Bank of Scotland
Direct Line

Royal Bank of Scotland plc, UK

£85,000 (in total)

Saffron Building Society

Saffron Building Society, UK


Sainsbury's Bank

Sainsbury's Bank plc & Lloyds Banking Group plc, UK







Scottish Widows

Lloyds Banking Group plc, UK


Secure Trust Bank

Arbuthnot Banking Group plc, UK


Shepshed Building Society

Shepshed Building Society, UK


Skipton Building Society
Scarborough Building Society
Capital One Bank
Chesham Building Society

Skipton Building Society, UK 

£85,000 (in total) 

Standard Life Bank

Barclays Bank plc, UK


State Bank of India

State Bank of India, India



The Co-operative Bank
Britannia Building Society6

The Co-operative Bank plc, UK

£85,000 (in total) 3


Teachers Building Society

Teachers Building Society, UK 


Tesco Personal Finance

Tesco plc, UK




Lloyds Banking Group


Turkish Bank (UK) Ltd.

Turkish Bank Limited, Turkey


United Trust Bank

United Trust Bank, UK


 Virgin Money

Northern Rock

 Virgin Money


West Bromwich Building Society

West Bromwich Building Society, UK


Yorkshire Building Society


Norwich & Peterborough  
Chelsea Building Society
Barnsley Building Society8

Yorkshire Building Society , UK


£85,000 (in total)  

1 Akbank N. V. is a wholly owned subsidiary of Akbank T.A.S, Turkey.
2 Barclays bought ING Direct’s savings business in 2013
3Coventry Building Society and Stroud and Swindon Building Society completed a merger on September 1, 2010.
4 Cheshire Building Society, Derbyshire Building Society and Dunfermline Building Society are trading divisions of Nationwide Building Society.
5 Skipton and Scarborough building societies merged on March 30, 2009. Skipton Building Society bought the savings book of Capital One Bank in June 2009.
6 Britannia Building Society is a trading name used by The Co-operative Bank plc.
7 Northern Rock was purchased by Virgin Money and all accounts rebranded as Virgin Money.

8 Barnsley Building Society is a trading name of Yorkshire Building Society. Chelsea Building Society and Yorkshire Building Society merged on April 1, 2010. Yorkshire Building Society bought Egg from Citigroup in July 2011 and merged with Norwich & Peterborough Building Society in November that year.

The above list is not inclusive. For further information visit the FSA website.