Post Office savers to receive UK protection under FSA

Savings in Post office accounts will be guaranteed under a UK system. The FSA will begin protecting Post Office savings this month. Post office savers no longer have to rely on the Irish government to protect their deposits from today. The first £50,000 of cash deposited into Post Office accounts will now be covered by the UK's Financial Services Compensation Scheme (FSCS) instead of the Irish Deposit Guarantee Scheme.