Savings: Bank of Cyprus savers to get FSCS protection

Savings: Bank of Cyprus savers to get FSCS protection In a move that will be welcomed by many UK savers the Bank of Cyprus is set to join the UK Financial Services Compensation Scheme (FSCS). At present savers with the Bank of Cyprus are protected by the Cypriot Deposit Protection Scheme, which provides cover up to €100,000, equal to approximately £80,000 at the current exchange rate. However, the bank’s UK subsidiary will now become a member of the UK FSCS, probably ...