About Close Brothers Savings
Who are Close Brothers?
Close Brothers Group plc. is a leading UK merchant banking group. We are listed on the London Stock Exchange and a member of the FTSE 250. Founded in 1878, our success is built on firm foundations of integrity, innovation and the highest levels of service. We are committed to Modern Merchant Banking: serving the needs of today's customers with the traditional values and strength of our heritage. Find out more about us.
Are Close Brothers regulated?
Yes. Close Brothers Savings is part of Close Brothers Limited, a subsidiary of Close Brothers Group plc. Close Brothers Limited is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority as well as the Prudential Regulation Authority (firm reference number 124750).
Is Close Brothers a member of the Financial Services Compensation Scheme (FSCS)?
Close Brothers Limited (and Close Brothers Savings) are covered by the Financial Services Compensation Scheme. The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors - including most individuals and small businesses in the UK - are covered by the scheme.
An eligible depositor is entitled to claim up to £85,000. For joint accounts held by two eligible depositors, the maximum amount that each could claim is £85,000 each (i.e. £170,000). The £85,000 limit applies to the combined accounts held with Close Brothers Limited, not to each separate account or share of a joint account.
Most depositors - including individuals and small businesses - are covered by the scheme. For further information (including the amounts covered and eligibility to claim) please read the FSCS leaflet or visit FSCS.org.uk or call 0800 678 1100.
What is Close Brothers' credit rating?
Close Brothers Limited is one the UK's highest rated banks with a Aa3 credit rating from Moody’s Investors Service and an A- rating from Fitch Ratings Ltd. These ratings reflect the strength of our business model, prudent approach and solid track record in profitability.
Moody's Investors Services Fitch Ratings Ltd
Short term rating: P1 Short term rating: F2
Long term rating: Aa3 Long term rating: A-