Financial Services Compensation Scheme

Financial Services Compensation Scheme (FSCS)

Hinckley & Rugby Building Society is covered by the Financial Services Compensation Scheme (FSCS). The FSCS will pay compensation to eligible depositors if a building society fails and cannot meet its financial obligations. An eligible depositor is a customer who satisfies the FSCS’s rules.

Your eligible deposits are covered by the Financial Services Compensation Scheme. If the Society were to become insolvent (fail), the Scheme would repay your eligible deposits up to £120,000 per eligible account holder (up to £240,000 for two account holders). Eligible deposits is the money in your account that satisfies the FSCS’s rules.

For more information about what is not protected, the limits of protection, how money is repaid, temporary high balances and joint accounts, please click below to read our Financial Service Compensation Scheme Information leaflet.