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Your eligible deposits with Progressive Building Society are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme.
We are covered by the Financial Services Compensation Scheme (FSCS). The FSCS can pay compensation to depositors if a building society is unable to meet its financial obligations. An eligible depositor is entitled to claim up to £85,000. For joint accounts each account holder is treated as having a claim in respect of their share so, for a joint account held by two eligible depositors, the maximum amount that could be claimed would be £85,000 each (making a total of £170,000). The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with a building society, including their share of any joint account, and not to each separate account.
You may download a copy of their explanatory leaflet by going direct to the FSCS website.
To find out more please call 0800 678 1100 or 020 7741 4100, e-mail the FSCS at firstname.lastname@example.org – fax them on 020 7892 7301 or write to them at:
Financial Services Compensation Scheme,
10th Floor, Beaufort House,
15 St. Botolp Street,