Financial Services Compensation Scheme
Saffron Building Society is a member of the Financial Services Compensation Scheme established under the Financial Services and Markets Act 2000. As a customer of Saffron Building Society your account(s) with us are covered by the Financial Services Compensation Scheme up to the maximum of £85,000 per person, unless you are:
A large company; a large partnership; a large mutual association; a local, provincial or municipal authority; a credit institution; an overseas financial services institution; an operator or trustee of a collective investment scheme; a pension and retirement fund or a trustee of such a fund; a supranational institution; a government, or central administrative authority; a firm within the Saffron Building Society group; a person whose claim arises from transactions relating to a conviction they have received for money laundering. Further details of exclusions from FSCS cover can be found on the Financial Conduct Authority website
The limit will apply to each depositor for the total of deposits they hold with an organisation regardless of how many accounts they hold or whether they are a single or joint account holder. Although most shares and deposits in UK building societies are denominated in sterling, the euro and other European Economic Area currencies are also covered. Further details are available on request from the society.