New compensation limits to cover savers’ claims up to £50,000

The FSA have announced that it will be increasing the level of compensation available under the Financial Services Compensation Scheme (FSCS) to £50,000. This will be effective from Tuesday 7th October 2008. Customers with joint accounts will be eligible to claim up to £100,000 per total deposit, per authorised institution

cahoot is owned by Abbey, part of the Santander Group

Santander is an authorised deposit taker under the Financial Services Authority. Therefore where you hold deposit accounts with both Santander and cahoot, for the purposes of calculating compensation entitlement under the FSCS, you would only be entitled to claim up to a total of £50,000 per person, per total deposits held with both Santander and cahoot.

Why should you save with us?

In addition to the increase in the FSCS compensation limit, you have the added piece of mind that Abbey’s parent company, the Santander Group, is one of the worlds largest banks:

All of which adds up to even more peace of mind when you save with us.

*Credit rating as per Standard and Poor’s Long-term Issuer Rating (Domestic) as at 06.10.08. Information correct as at 06.10.08

cahoot is a division of Santander UK plc. Registered Office: 2 Triton Square, Regent’s Place, London NW1 3AN, United Kingdom. Registered Number 2294747. Registered in England. Telephone 0870 607 6000 calls may be recorded or monitored. Authorised and regulated by the Financial Services Authority except in respect of its consumer credit products for which Santander UK plc is licensed and regulated by the Office of Fair Trading. FSA registration number 106054.