ARE YOUR SAVINGS SAFE?

Remember that your cash savings are protected by the Financial Services Compensation Account, but only up to £85,000 for each saver for each of his accounts with different financial institutions. The thing to be aware of is that some savings institutions are part of the same banking group, and your protection is limited to £85,000 for all of your accounts with that group. It is a good idea to check and make sure. And remember that accounts held jointly with a spouse are entitled to twice the £85,000 protection, i.e. £170,000.