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What deposits are protected under the Financial Services Compensation Scheme (FSCS)?

Eligible customer deposits with NatWest are protected up to a total of £85,000 by the Financial Services Compensation Scheme, the UK's deposit protection scheme. Any deposits that customers hold above the £85,000 limit are not covered.

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 depositors' accounts with the bank, building society or credit union, including their share of any joint account, and not to each separate account.

If you have more questions about the scheme you can download an FSCS leaflet (PDF, 3.66MB), ask in your local branch or visit the FSCS website (opens in a new window) for more information.