close brothers savings

ds0569

hi. opened a CB savings account after seeing it on MSE last week and all seems fine then read a lot of bad press saying it was going bust due to some car action. Anyone have any thoughts.... i am starting to worry

eskbanker

The savings part of the business appears to be separate from the motor finance bit, assuming that's what you're referring to, but the key thing is that savings are protected by FSCS, so if they did go bust you'd get your money back from that....

Eyeful

1. There is a Close Brothers whose website is: https://www.closesavings.co.uk/
At the bottom of the page in the small print it states the the FRN as 124750

2. The FCA register should be used to find the FRN & verified contact details for real Close Brothers Savings.
https://register.fca.org.uk/s/search?q=124750&type=Companies

3. Type the 124750 number into the FSCS register, with the amount saved to see how much protection you have.
https://www.fscs.org.uk/check/check-your-money-is-protected/

4. If this is who you gave your money to you should be protected.
Be careful as there is a scam clone of tiis company

Hope this helps you