Important information about the Financial Services Compensation Scheme


Your eligible deposits with Sainsbury's Bank are protected by the Financial Services Compensation Scheme (FSCS). From 30 January 2017, the limit of protection will be £85,000 per depositor. This limit will be applied to the total of all your accounts held with Sainsbury's Bank. Any deposits you have in excess of £85,000 are unlikely to be protected.

In some specific cases, deposits may be excluded from the FSCS protection scheme. The FSCS information sheet and exclusions list provides further details on FSCS protection and the exclusions which may apply.

New depositor protection limit

In January, the PRA announced that the limit of protection for depositors was increasing to £85,000. This new limit takes effect from 30 January 2017. We are updating all of our FSCS information to include this new limit. In the meantime, you may receive information that contains the old limit of £75,000. Please do not worry – your eligible deposits will be protected for up to £85,000.

How the FSCS protects your money

More information about the compensation provided by the FSCS can be found on the FSCS website at, and in the FSCS leaflet.

Home Finance (including mortgage advice)

From 31 October 2004 the protection provided by the Financial Services Compensation Scheme (FSCS) was extended to include mortgage advice and arranging. This means all mortgages entered into after 31 October 2004 are eligible for the protections set out by FSCS. The compensation limit for such a claim is £50,000 per person per firm, for claims against firms who are declared in default at any time after 1 January 2010.

More information about FSCS Home Finance (including mortgage advice) compensation can be found on the FSCS website at



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