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Financial Services Compensation Scheme

Your eligible deposits with Bank of Scotland plc are protected up to a total of £75,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Halifax, Intelligent Finance (IF), Birmingham Midshires (BM Savings), Bank of Scotland, Bank of Scotland Private Banking, Bank of Scotland Germany, Lloyds Bank (in The Netherlands only), Bank of Wales and St. James's Place Bank. Some savings accounts under the AA Savings and Saga brand names are also deposits with Bank of Scotland plc. Any total deposits you hold above the limit between these brands are unlikely to be covered.

Please click How FSCS protects your money or visit www.fscs.org.uk

You can also refer to our FSCS Information Sheet for more details.

On 1 January 2016 the deposit protection limit is changing from £85,000 to £75,000 for most depositors, including individuals and small companies. From 3 July 2015 the new deposit protection limit of £75,000 applies to eligible deposits of large companies and small local authorities.

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