Saving Accounts

eskbanker

derek007 said:

Does FSCS guarantee my investment is secure should the Bank/Investor fail ?

I am looking to invest for a year.

It sometimes seems pedantic to point it out, but generally 'saving' refers to putting money into deposit accounts with banks or building societies, where you earn interest and your capital is protected from loss. 'Investing', on the other hand, entails putting your money into stocks and shares, perhaps indirectly via funds, and/or other types of products that involve risk of capital loss, but correspondingly better long-term returns from growth and dividends.

FSCS does offer protection for both savings and investments, but in slightly different ways:
https://www.fscs.org.uk/what-we-cover/banks-building-societies/
https://www.fscs.org.uk/what-we-cover/investments/