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What is the FSCS?

The Financial Services Compensation Scheme (FSCS) is an independent organisation, set up by parliament, which can step in to pay compensation if authorised firms fail. If you split your money across banks and building societies who don’t share a banking licence, you’ll have higher protection. All of the savings accounts we list are covered by FSCS. You can find out more about the FSCS and your eligibility through their website.

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