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Depositor Protection

What deposit protection can you expect if all goes wrong?

Whilst some might regard the level of UK investor compensation protection as ungenerous, savers should be warned that this is still considerably stronger than that offered offshore.

Here is some information about savings protection within the offshore centres considered on this site:

  • The Isle of Man offers 75% compensation up to the first 20,000 or equivalent for banks licensed in the Isle of Man (The Banking Business (Compensation of Depositors) Regulations 1991)
  • Guernsey apparently passed legislation [The Banking Supervision (Bailiwick of Guernsey) Law, 1994] but has never enacted it.
  • Jersey - Mention could only be found of what the legislative process might be.

 

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Copyright 2004 Synapse Ltd. This website is intended to alert you to savings options. In no way does it offer specific investment advice or endorse any of the organisations or products listed. We try to publish accurate and timely information, but do not guarantee to do so. You must check and confirm everything to your satisfaction directly with borrowers. If you see anything missing, inaccurate or non-functioning on the website please let us know.