Articles tagged "FSCS"

Northern Rock savers to lose 100% protection in May

News

Northern Rock savers have been urged to find new homes for their money after the government confirmed plans to scrap the bank's 100% protection guarantee in three months' time.

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Northern Rock savers to lose 100% protection

News

Savers with Northern Rock will lose their 100% protection guarantee when the beleaguered bank returns to the private sector.

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Compensation for Keydata victims

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Thousands of people who lost money when investment firm Keydata collapsed can now apply for compensation.

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NS&I doubles ISA rate

News

National Savings & Investments has unveiled its first rate hike in two years, which sees the interest on its cash ISA effectively double.

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Greater protection for savers

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Savers’ money will no longer be used to offset any debt held with the same institution should the banking crisis lead to the collapse of more firms, under new rules just announced.

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Capital One sells savers to Skipton

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Capital One has announced it is selling its savings business to Skipton Building Society, prompting concerns that savers could end up losing their protection under the compensation scheme.

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Protection for savers extended

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The City watchdog has extended the additional protection put in place to protect savers’ money should their building society flop.

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More protection for savers

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People whose bank balances exceed £50,000 could be offered additional protection up to £500,000 in the event of a UK bank collapsing.

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