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The Financial Services Compensation Scheme

“… [Charity Bank's] default rate is very low. And as the bank is a member of the Financial Services Compensation Scheme, I feel secure.”
Richard Baxter, Charity Bank Depositor

A Secure Home

Our track record over the past 13 years shows that charities and community enterprises can be responsible borrowers. We have committed more than £90 million in loan finance, but have had to write off less than 0.5% in total, without loss to any depositor.

Depositor Protection Scheme

Charity Bank is a member of the Financial Services Compensation Scheme (FSCS) which provides customers with extra peace of mind that their money is safe, as the FSCS guarantees 100% of the first £50,000 of any eligible deposits for individuals and up to £100,000 to couples with a joint account.  For organisations there are some exceptions.

If you have any questions about the FSCS, more information can be found on the website www.fscs.org.uk.