Seeing what is happening with the Icelandic bank made me wonder about the compensation scheme.
Do you just get the amount actually in your account at the time the bank folds back or do you also get the interest earnt up to that point but not yet paid also?
Under FSCS, you also get the interest accrued up to the point of collapse - subject to the 50k limit.
Interesting... I thought they might play the definition by the book "depositors protection scheme" or actual deposits only. Good new for those who have had 3 years bonds and were coming to the end of their term.
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