UK Deposit Protection Scheme

Single Licence

These institutions have a UK banking licence in their own name and so offer the standard £50,000 protection (£100,000 for joint accounts) even if they are foreign-owned. But check any savings with subsidiary brands (see below).

Note that Northern Rock and NS&I are fully guaranteed by the UK government. The Post Office Instant Saver Account is owned by The Bank of Ireland, fully guaranteed by the Irish government.

Abbey
Alliance & Leicester
Barclays
Capital One Savings
Carter Allen
The Co-operative Bank
Coutts
Coventry Building Society
Egg
FirstSave
Hoare & Co
HSBC
ICICI
Investec
Julian Hodge
LV
Lloyds TSB
M&S
NS&I
Nationwide Building Society
NatWest
Northern Rock
Norwich Union
RBS
Ruffler Bank
Sainsbury’s Bank
Scottish Widows Bank
Standard Life Bank
Tesco
Triodos Bank
United Trust Bank
Virgin Money
Wesleyan Bank
Yorkshire Bank
Yorkshire Building Society

(All other building societies, apart from those listed below)

Shared Licence

These organisations don’t have a banking licence in their own name, but fall under the licence of the organisation named in brackets. A maximum of £50,000 (£100,000 for joint accounts) is protected across ALL brands sharing one licence.

AA (HBoS)
Bank of Scotland (HBoS)
Bradford & Bingley (Abbey)
Catholic Building Society (Chelsea BS from Dec 08)
Cheltenham & Gloucester (Lloyds TSB)
Cheshire BS (Nationwide BS from Dec 08)
Clydesdale (Yorkshire Bank)
Derbyshire BS (Nationwide BS from Dec 08)
Direct Line (RBS)
First Direct (HSBC)
Halifax (HBoS)
Intelligent Finance (HBoS)
LC&C Savings (Chelsea BS)
Saga (HBoS)
Smile (The Co-operative Bank)

Please note that this is for guidance only and we recommend that you seek further advice from an Independent Financial Adviser before proceeding further.  The Financial Services Authority does not regulate taxation advice.