Chelsea Building Society

K_J_B

Does anyone know if Chelsea is a separate financial institution or part of group?

It isn't shown in list on Martin Lewis' site so I'm not sure if the £35000 limit would apply if they went bust.

Thanks

bristolleedsfan

K_J_B wrote: »

Does anyone know if Chelsea is a separate financial institution or part of group?

It isn't shown in list on Martin Lewis' site so I'm not sure if the £35000 limit would apply if they went bust.

Thanks

There is not the slightest chance of a Building Society going bust because another Building Society would always take over a struggling Building Society.

BruceyBonus

The Chelsea themselves are independent. I believe they do not have any subsidiaries, so no need to worry.

Baldur

K_J_B wrote: »

Does anyone know if Chelsea is a separate financial institution or part of group?

It isn't shown in list on Martin Lewis' site so I'm not sure if the £35000 limit would apply if they went bust.

Chelsea is a mutual building society, like Nationwide, and is registered with the FSA (ref. number 206039) - savings are covered by the FSCS.

earlgrey_3

K_J_B wrote: »

It isn't shown in list on Martin Lewis' site so I'm not sure if the £35000 limit would apply if they went bust.

That's presumably because he says "The table below shows you which banks are standalone and which are the same institution." Chelsea are a building society not a bank. But then just to confuse you he's added a couple of building societies to his list of "banks" such a Nationwide. :rolleyes: