New compensation limit for deposits: The Financial Services Authority has announced that the Financial Services Compensation Scheme (FSCS) will be increased to give extra protection to savers.

You are now following Charity Bank. New compensation limit for deposits The Financial Services Authority has announced that the Financial Services Compensation Scheme (FSCS) will be increased to give extra protection to savers. The compensation limit available to savers is being increased from £35,000 to £50,000.  The scheme will also pay out up to £100,000 to couples with a joint account. The new limit will come into force on Tuesday 7th October 2008 and ties in with the introduction of the Government's Banking Bill.  Charity Bank is a member of the FSCS. If you would like more information, please contact our deposits team on 01732 774040.  More information on the change is also available on the FSA website.