At Northern Community Bank, your trust means everything to us. When you choose to save or borrow with us, we want you to feel confident that your money is safe. That’s why we’re proud to be part of the Financial Services Compensation Scheme (FSCS) – a government-backed scheme that protects your money if something ever happened to the bank.
What is the FSCS?
The Financial Services Compensation Scheme is the UK’s deposit protection scheme. It was set up by the government and is completely free for you as an account holder. The scheme makes sure that if a bank, building society, community bank or credit union was ever unable to meet its financial obligations, eligible customers would get their money back.
How does the FSCS protect your money?
Up to £85,000 per person, per bank
If you hold money with Northern Community Bank and, in the unlikely event, we could no longer operate, the FSCS would step in and compensate you up to £85,000.
Are there any exceptions?
The FSCS doesn’t cover every type of financial product. For example, investments, insurance policies, and money held with providers outside the UK may have different levels of protection. The good news is that your savings with Northern Community Bank are fully covered by the scheme.
Why this matters to you
We know peace of mind is important when it comes to your money. The FSCS means that no matter what happens, your savings with Northern Community Bank are protected by law, giving you the confidence to save and plan for the future.
Find out more
You can read more about how the FSCS works on our FSCS information page or by visiting www.fscs.org.uk
If you have any questions about your account, just get in touch. We’re here to help.
