FSA protection question - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

FSA protection question

thir13en Avatar
8y, 1m agoPosted 8 years, 1 month ago
Hi all,

I'm looking to put some money in Bonds for 3months, am I covered by the 35k protection from FSA? or bonds are excluded?
thir13en Avatar
8y, 1m agoPosted 8 years, 1 month ago
Options

All Comments

(4) Jump to unreadPost a comment
Comments/page:
#1
bonds are included and its now 50K.
#2
If its the government bonds then your safe.
#3
its Barclays bonds?! still safe? is that 50k for all my savings or for a single bank?
#4
Savings Bonds (all that retail banks offer) are not true bonds. They are just a name for a time limited savings account and covered like all other savings.

It is 50k per person per bank (so 100k for joint accounts). Here "bank" includes all banks owned by a parent company. So it your money is spread across say Halifax, RBOS and IF you are only covered for 50k total but if it was split between Barclays and HSBC it would be 50k each.

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!