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Follow on Google News |  Keep Your Savings Properly Protected Part OneThink you’re saving are protected due to the Financial Services Compensation Scheme (FSCS)? Your money may not be as protected as you think.
If your bank or building society is for any reason unable to pay back deposits held with them, the FSCS would be able to compensate 100% of the first £50,000 per authorised institution. The “per authorised institution” Each bank or building society institution have their own Firm Reference Number (FRN), so if you have savings in two brands that are under the same FRN you will only be covered for the first £50,000. For example, if you have £100,000 savings and have £50,000 with Bank of Scotland and £50,000 with Halifax you will only receive the first £50,000 in compensation as they have the same FRN. Here is a list of the different banks that are registered with the same institutions. This is not a full list and if your bank is not on the list, you should contact them and they should be able to advise you. Group: Allied Irish Banks plc FSA authorised institution: FRN (Firm Reference Number): 122088 Brands Covered By AIB Group (UK) plc : AIB (GB), AIB group (UK) plc and First Trust Group: Alpha Bank London Ltd FSA authorised institution: FRN (Firm Reference Number): 135327 Brands Covered By Alpha Bank London Ltd: Alpha Bank London Ltd and Alpha Private Bank Group: Barclays plc FSA authorised institution: FRN (Firm Reference Number): Barclays Bank Trust Company : 119184, Barclays Bank plc: 122702 and Standard Life Bank plc: 187878 Brands Covered By Barclays Bank Trust Company: Barclays Bank Trust Company and Barclays Personal Investment Management Brands Covered By Barclays Bank plc: Barclays Bank plc, Barclays International Private Bank and Barclays Premier Brands Covered By Standard Life Bank plc: Standard Life Bank plc Group: Citi FSA authorised institution: FRN (Firm Reference Number): Citibank International plc - 122342, Citibank NA - 124704 and Egg Banking plc – 205621 Brands Covered By Citibank International plc: Citibank International Brands Covered By Citibank NA: Citibank Brands Covered By Egg Banking plc: Egg Group: Co-operative Bank plc FSA authorised institution: FRN (Firm Reference Number): The Co-operative Bank plc – 121885, Unity Trust Bank plc- 204570 Brands Covered By The Co-operative Bank plc: Britannia, Co-operative Bank plc and Smile Brands Covered By Unity Trust Bank plc: Unity Trust Bank plc Group: FBN (UK) Ltd FSA authorised institution: FRN (Firm Reference Number): FBN (UK) Ltd – 216772 Brands Covered By FBN (UK) Ltd: FBN (UK) Ltd and FirstSave Group: HSBC FSA authorised institution: FRN (Firm Reference Number): HFC Bank Ltd – 204483, HSBC Bank plc – 114216, HSBC Private Bank UK Ltd – 124781, HSBC Trust Company – 119297, Marks & Spencer Financial Services plc – 151427 Brands Covered By HFC Bank Ltd: HFC Bank Ltd, Brands Covered By HSBC Bank plc: HSBC and First Direct, Brands Covered By HSBC Private Bank UK Ltd: HSBC Private Bank UK Ltd, Brands Covered By HSBC Trust Company: HSBC Trust Company, Brands Covered By Marks & Spencer Financial Services plc: Marks & Spencer Financial Services plc Group: Investec Bank plc FSA authorised institution: FRN (Firm Reference Number): 172330 Brands Covered By Investec Bank plc: Investec Bank Ltd and Investec Structured Products Group: Lloyds Banking Group plc FSA authorised institution: FRN (Firm Reference Number): AMC Bank Ltd – 204591, Bank of Scotland plc 169628, Lloyds TSB Bank plc – 119278, Lloyds TSB Private Banking Ltd – 122626, Lloyds TSB Scotland plc – 191240, Scottish Widows Bank plc – 201601 Brands Covered By AMC Bank Ltd: AMC Bank Ltd Brands Covered By Bank of Scotland plc: Bank of Scotland, Bank of Scotland Private Banking, Birmingham Midshires, Capital Bank, Halifax, Intelligent Finance, Saga and St James's Place Bank Brands Covered By Lloyds TSB Bank plc: Cheltenham & Gloucester Savings and Lloyds TSB Group plc Brands Covered By Lloyds TSB Private Banking Ltd: Lloyds TSB Private Banking Ltd Brands Covered By Lloyds TSB Scotland plc: Lloyds TSB Scotland plc Brands Covered By Scottish Widows Bank plc: Scottish Widows Bank plc Group: J Sainsbury plc / Lloyds Banking Group plc FSA authorised institution: FRN (Firm Reference Number): 184514 Brands Covered By Sainsbury's Bank plc: Sainsbury's Bank plc Group: National Australia Group Ltd FSA authorised institution: FRN (Firm Reference Number): 121873 Brands Covered By Clydesdale Bank: Clydesdale Bank plc and Yorkshire Bank Group: Nationwide Building Society FSA authorised institution: FRN (Firm Reference Number): 106078 Brands Covered By Nationwide Building Society: Cheshire Building Society, Derbyshire Building Society, Dunfermline Building Society and Nationwide Building Society ------------------------------------------------------------ Part Two - http://www.prlog.org/ # # # Credit Problems No Problem operate throughout the UK sourcing unsecured loans for people with either a good credit history or bad credit history. We can succesfully find loans for people with CCJs, defaults, poor credit or even no credit history. End
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