Principality Building Society
Principality Building Society is a Financial services provider.
What is the Financial Services Compensation Scheme (FSCS)?
“The Financial Services Compensation Scheme is the UK’s statutory compensation scheme for customers of authorised financial services firms. It exists to protect customers if a financial services provider fails and is unable to meet its obligations. The FSCS is funded by the financial services industry and backed by the UK Government.”
View in the company profileHow does FSCS protection apply to savings?
“Eligible deposits of up to £120,000 per person held with Principality Building Society are protected by the FSCS. This means that if Principality were to fail, the FSCS would aim to repay your eligible savings, up to the protection limit. FSCS protection applies to most savings products, including: Cash ISAs Fixed rate bonds Regular savings accounts Easy access savings accounts”
View in the company profileWhat is the FSCS protection limit?
“The current FSCS protection limit is £120,000 per person, per authorised institution. If you hold more than £120,000 with one authorised provider, any amount above this limit is unlikely to be covered.”
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