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Changes to FSCS cover

FSCS deposit protection limit

Your savings are protected by the FSCS – the UK’s independent deposit protection scheme. Find out about the most recent changes to your cover.  

What is it and what’s changed?

The Financial Services Compensation Scheme (FSCS) can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors are covered by the scheme. 

  • From 30 January 2017, the FSCS will protect your eligible deposits with Barclays Bank UK PLC up to a total of £85,000
  • Any deposits you have above £85,000 are unlikely to be covered
  • For further details, please download our FSCS information sheet

This limit is applied to the total of any deposits you have with the following:

  • Barclays
  • Barclays Business Banking
  • Barclays Premier Banking
  • Barclays Wealth Management

Any total deposits you hold above the limit between these brands are unlikely to be covered. 

 

Additional cover information

The FSCS can pay compensation to depositors if a bank is unable to meet its financial obligations. Most depositors are covered by the scheme.