Financial Services Compensation Scheme
Santander UK plc is an authorised deposit taker and accepts deposits under this name and the cahoot and Santander Corporate & Commercial Bank trading names. Eligible deposits are protected by the Financial Services Compensation Scheme (FSCS), the UK's deposit protection scheme.
The FSCS protects most depositors, including individuals, companies and small local authorities. On 30 January 2017 protection was increased from £75,000 to £85,000 per customer. This means that two individual customers with a joint account will have protection of £170,000.
Some links to literature items on this website will still state the previous compensation limit of £75,000. We’re doing our best to update this as soon as possible, but please be reassured eligible deposits will be protected up to £85,000.
If you’d like some more information about the compensation scheme, please take a look at the Financial Services Compensation Scheme pages or read the Protecting your Money FSCS Leaflet (pdf). To view this document, you may need to download Adobe Reader. You may like to save or print this for your records and future reference.