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Financial Services Compensation Scheme - Interest payments
Steve_xx
Posts: 6,979 Forumite
Please note that if a bank goes out of business, that interest accrued on deposits held there will be paid by the FSCS until the date at which the bank goes out of business.
If it takes the FSCS six months or more before it pays you out, then you will not earn interest on the monies during that interim period.
If it takes the FSCS six months or more before it pays you out, then you will not earn interest on the monies during that interim period.
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