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Lloydstsb and Saga savings
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
I think I'm right in saying that Saga is part of HBOS - if that is right, can someone please tell me if Lloyds and Saga are regarded as separate institutions for the 50K compensation limit? I'm considering opening accounts with both, but I'm not sure whether I should keep the amount below 50K between them.
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As will their respective websites...savetilibleed wrote: »This table will answer your question.
Lloyds TSB Bank plc and Lloyds TSB Scotland plc are authorised and regulated by the Financial Services Authority under numbers 119278 and 191240 respectively.
http://www.lloydstsb.com/legal/information_about_us_legal/information_about_us.asp
Birmingham Midshires, a division of Bank of Scotland plc, is authorised for accepting deposits by the Financial Services Authority. It is entered on the FSA Register and its number is 169628.
http://www.saga.co.uk/money-shop/savings/telephone-saver/0
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