Protect Your Savings with a fully regulated UK Bank

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iFAST Global Bank

18 Oct 2023 · visibility 2723 views

Looking for the best savings rates but unsure where to put your money? Choose an FSCS protected bank you can trust to maximise returns while keeping your cash secure.

A bank should make your money feel safe and help it grow. As a customer, you need an institution you can trust to look after your hard-earned cash. If you’re researching the best savings rates, choose a bank that is FSCS protected.

What is FSCS Protection?

The Financial Services Compensation Scheme (FSCS) safeguards up to £85,000 per person, per authorised financial services provider. All UK banks regulated by the Financial Conduct Authority are covered. This deposit protection applies to savings accounts. If a bank goes bankrupted, the FSCS will compensate customers.

Look Beyond the Interest Rates

With savings rates frequently changing, it's tempting to chase the highest yields. But the bank itself matters just as much as the bottom-line return. Take time to research institutions, not just the numbers. 

While switching banks to get better savings rates is smart, many try to be loyal to the same provider for convenience. Do not allow attachment to your current institution to deter you from transferring your savings to a safer bank.

In uncertain economic times, some savers take risky bets hoping for bigger gains. Be thoughtful about your finances. Find a bank you trust to keep your money secure while also helping it grow at competitive rates. 

Preserving your savings should be a top priority. Choose an FSCS accredited bank you can count on. Contact us today to learn more about opening a protected account where your money is guaranteed to thrive.

Opening a savings account is easy with us at iFAST Global Bank. Our bank is fully regulated in the UK and FSCS protected, so preserving your savings is our top priority. We offer multi-currency savings accounts and a range of tailored savings options to suit your needs.

By choosing a customer-focused bank like iFAST Global Bank, you can earn interest on your savings while minimising risk. Simply check out our website to learn more about how we can help your hard-earned money grow.

iFAST Global Bank is a member of the Financial Services Compensation Scheme (FSCS).

iFAST Global Bank is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Our Financial Services Register number is 716167. We are registered in England and Wales, our company number is 4797759.

Please note that the provided details serve as general information and should not be considered as financial advice or endorsements. We strongly advise customers to diligently carry out their own research and consider seeking expert guidance for tailored financial choices.