We are members of the Financial Services Compensation Scheme

Financial Services Compensation Scheme

Close Brothers Savings is a trading style of Close Brothers Limited ('CBL'), a subsidiary of Close Brothers Group plc.

Close Brothers Limited is a member of the Financial Services Compensation Scheme (‘FSCS’) - the UK’s deposit protection scheme, which means your eligible deposits with Close Brothers Limited are protected up to a total of £85,000. Most depositors, including most individuals and small businesses, are covered by the scheme.

In respect of deposits, an eligible depositor is entitled to claim up to £85,000. For joint accounts, each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor's accounts with the bank, including their share of any joint account, and not to each separate account.

For further information about the compensation provided by the FSCS (including the amounts covered and eligibility to claim) please call our Customer Services team on 020 3857 3050, refer to the FSCS website www.fscs.org.uk or call the FSCS on 020 7741 4100 or 0800 678 1100. Please note only compensation related queries should be directed to the FSCS.

Please click here for the FSCS leaflet containing further information or visit www.fscs.org.uk.

Changes to the FSCS depositor protection rules

As you may be aware, the Prudential Regulation Authority recently made a number of changes to the Financial Services Compensation Scheme.

For more information, please read the FSCS Information Sheet and Exclusions List which can be downloaded following the link below.

FSCS Information Sheet and Exclusions List

The FSCS Information Sheet and Exclusions List explains how the deposit protection limit has been amended to align the FSCS with European legislation under the Deposit Guarantee Schemes Directive.

If you have a query regarding how these changes affect your deposits with us and your question is not answered in the enclosed FSCS Information Sheet and Exclusions List, then for more information please visit http://www.fscs.org.uk.

Alternatively, you can contact our Customer Services team on 020 3857 3050 who will be more than happy to assist you with your query.

If you have an enquiry call us on: 020 3857 3050