The Financial Services Compensation Scheme (FSCS)

The Financial Services Compensation Scheme (FSCS) is the UK's deposit protection scheme of last resort for customers of authorised financial services firms. 

FSCS Protected: Protecting Your Money

Your eligible deposits with Newcastle Building Society are protected up to a total of £85,000 per person or company, by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme.

Any deposits you hold above the limit are unlikely to be covered.

Please visit the FSCS website for further information.

 

 

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What is the Financial Services Compensation Scheme (FSCS)?

The Financial Services Compensation Scheme (FSCS) is the UK's deposit protection scheme of last resort for customers of authorised financial services firms.

It is impartial and independent of the government and financial sector and was set up under the Financial Services and Markets Act 2000. The FSCS may be able to pay compensation if a firm is unable, or likely to be unable, to pay claims against it. 

All UK building societies are participants in the Financial Services Compensation Scheme established under Part XV of the Financial Services and Markets Act 2000. The Scheme is administered by the Financial Services Compensation Scheme (FSCS). The Scheme is governed by PRA Depositor protection rules.