Investments Maximum Allowed If Banks/Building Societys Go Bust

[picker]

I need toWhat is max they have to refund. ask how much should be put in any Savings if the company/bank goes bankrupt.

[barry1010]

£85000.
Be aware that you should ensure your savings are kept in banks and building societies that do not belong to the same umbrella company.

[bobbinwales]

https://www.moneysavingexpert.com/savings/safe-savings/#:~:text=%2D%20For%20investments%2C%20100%25%20of,first%20%C2%A385%2C000%20is%20covered.
But is there really any chance of major bank going bust , gov wouldnt allow it... if a bank lost everything I think economic shakedown would mean we'd all be in dire straits

[barry1010]

You seem to have a short memory, bob https://www.fscs.org.uk/media/press/2018/sep/10-years-after-failures/

[Hopkirk]

Bob, if the financial meltdown was serious enough the government might be unable to bail them out. That's probably why they spend so much time and money telling us about the limits of this protection.

[Bazile]

Has anyone got a list of the umbrella companies ?