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How your savings are protected

Money held in the Cash Savings Holding Account are safeguarded under FCA electronic money rules and are not protected by the FSCS.

Money held in savings products are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per banking licence, subject to eligibility and conditional on meeting the terms of the FSCS.

If a bank fails, the FSCS aims to return funds within three months. If Bondsmith fails, savings held with banks remain FSCS protected. Holding account funds are kept separately from Bondsmith’s own money in safeguarded accounts.

If you need more information or have any further questions, please speak to our friendly team on 0191 242 4866 and select option 5. Available 8.30am - 5.30pm weekdays.