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All of the first £50,000 regardless of the total balance?

Last post Mon, Dec 08 2008, 9:06 AM by Clare Francis. 1 replies.
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  •  Mon, Dec 08 2008, 9:06 AM

    Re: All of the first £50,000 regardless of the total balance?

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    Hi Gordon

    yes, it's the full £50,000 that is protected. Anything above this amount is not guaranteed which is why it is worth spreading your savings between different institutions if you have more than £50,000 in cash.

    I hope that helps.

    Clare
    • Post Points: 5

  •  Mon, Dec 08 2008, 1:03 AM

    All of the first £50,000 regardless of the total balance?

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    Hi Clare, please confirm that it is all of the first £50,000 that is safe regardless of how much your balance may be over this limit (see your latest alert message below)? Many thanks.

    "Under the Financial Services Compensation Scheme (FSCS), up to £50,000 is protected with any one financial institution - meaning that as long as you keep no more than £50,000 in one financial home your money will be safe."
    • Post Points: 20