Most people do not know what kind of FSCS license their Bank or Building Society holds.
Do they hold a 'unique' FSCS license which means the full £85,000 of protection is afforded to their deposits?
Are they part of a Group? If so, is the £85,000 level of FSCS protection 'shared' amongst all deposits held within the Group or are there 'unique' licenses held within the Group which provides the full £85,000 level of protection per member?
"Knowing what form of protection your bank or building society provides will help you to make better decisions with your money"