Financial Services Compensation Scheme (FSCS)
The Halifax brand is changing to Lloyds
Your Financial Services Compensation Scheme (FSCS) protection remains unchanged. Eligible deposits held with Halifax will continue to be considered within Bank of Scotland plc, separately from any money you may have with Lloyds Bank plc.
Lloyds accounts with Lloyds Bank plc
For all Lloyds accounts with a sort code starting with 30 or 77.
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Accounts held in the UK
Your eligible deposits held by a UK establishment of Lloyds Bank plc are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK’s deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Lloyds, Lloyds Bank, Mayfair Private Banking, Lloyds Private Banking, Lloyds Bank Private Banking, MBNA and Scottish Widows Bank.​
Lloyds and Lloyds Bank are trading names used by both Lloyds Bank plc and Bank of Scotland plc.​
If your Lloyds or Lloyds Bank account has a sort code starting with 30 or 77 your money is protected with Lloyds Bank plc. If your sort code starts with 11, your money is protected with Bank of Scotland plc.​
Please view How FSCS protects your money (PDF, 738KB) for further information or visit www.fscs.org.uk
You can also refer to our FSCS Information Sheet (PDF, 28KB) for more details.
Are my investment products protected by the FSCS?
As well as protection for bank accounts and savings the scheme also provides protection in the event a PRA or FCA authorised company cannot meet claims made against it in relation to investment and long-term insurance products.
The actual level of compensation a client would receive will depend on the basis of their claim. The Financial Services Compensation Scheme will consider each claim individually at the time it is made. FSCS can only pay compensation for financial loss and there are limits to the amounts of compensation the FSCS can pay. Maximum FSCS compensation limits are per person (per provider firm and per category of claim).
Accounts with Lloyds Bank Direct Investments and Embark Investment Services Limited
Lloyds Bank Direct Investments, operated by Halifax Share Dealing Limited, and Embark Investment Services Limited are participants in the Financial Services Compensation Scheme. Customers may be able to make a claim on this scheme if we default in our obligations to them. Compensation of up to 100% of the first £85,000 of investments held with each legal entity may be available to eligible claimants.
All client money is held in bank accounts that are only used for holding client money. This clearly keeps client money accounts separate from accounts we use for our own money. Uninvested balances within investment products are covered by the increased FSCS protection of £120,000 with the institution in which the money is held.
How your investments products are protected under the Financial Services Compensation Scheme.
Accounts held in Jersey, the Isle of Man and the Bailiwick of Guernsey
Lloyds accounts with Bank of Scotland plc
Only for accounts changed from Halifax to Lloyds since July 2026 with a sort code starting with 11.
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Accounts held in the UK
Your eligible deposits held by a UK establishment of Bank of Scotland plc are protected up to a total of £120,000 by the Financial Services Compensation Scheme, the UK's deposit guarantee scheme. This limit is applied to the total of any deposits you have with the following: Halifax, Bank of Scotland, Bank of Scotland Private Banking, Lloyds and Lloyds Bank.​
Lloyds and Lloyds Bank are trading names used by both Lloyds Bank plc and Bank of Scotland plc.​
If your Lloyds or Lloyds Bank account has a sort code starting with 30 or 77 your money is protected with Lloyds Bank plc. If your sort code starts with 11, your money is protected with Bank of Scotland plc.​
Any total deposits you hold above the limit between these brands are unlikely to be covered.
Please click How FSCS protects your money (PDF, 738KB) for further information or visit www.fscs.org.uk.
You can also refer to our FSCS Information Sheet (PDF, 27KB) for more details.
Are my investment products protected by the FSCS?
As well as protection for bank accounts and savings the scheme also provides protection in the event a PRA or FCA authorised company cannot meet claims made against it in relation to investment and long-term insurance products.
The actual level of compensation a client would receive will depend on the basis of their claim. The Financial Services Compensation Scheme will consider each claim individually at the time it is made. FSCS can only pay compensation for financial loss and there are limits to the amounts of compensation the FSCS can pay. Maximum FSCS compensation limits are per person (per provider firm and per category of claim).
Accounts with Bank of Scotland Share Dealing Limited and Embark Investment Services Limited
Bank of Scotland Share Dealing Limited and Embark Investment Services Limited are participants in the Financial Services Compensation Scheme. Customers may be able to make a claim on this scheme if we default in our obligations to them. Compensation of up to 100% of the first £85,000 of investments held with each legal entity may be available to eligible claimants.
All client money is held in bank accounts that are only used for holding client money. This clearly keeps client money accounts separate from accounts we use for our own money. Uninvested balances within investment products are covered by the increased FSCS protection of £120,000 with the institution in which the money is held.
How your investments products are protected under the Financial Services Compensation Scheme.
Investments category – Open-Ended Investment Company (OEIC)
Most type of investment business are covered up to a maximum limit of £85,000. For Investment and Long-term insurances claims, customers would be covered per person, per separately authorised institution so you can make multiple claims – one per product category per each PRA or FCA authorised institution which is a member of the scheme.
The separately authorised institutions within Lloyds Banking Group are: Scottish Widows Limited, HBOS Investment Fund Managers Limited, Clerical Medical Investment Fund Managers Ltd and Scottish Widows Unit Trust Managers Limited.
Long-term insurance category
For firms declared in default on or after 3 July 2015, the maximum level of compensation is 100% of the claim, with no upper limit. For firms declared in default on or after 1 January 2010 and before 3 July 2015, the maximum level of compensation is 90% of the claim, with no upper limit. For firms declared in default before 1 January 2010, the maximum level of compensation is 100% of the first £2,000, plus 90% of the remainder.
Personal Investment Plan, Guaranteed Investment Plan, Guaranteed Growth Bond, Investment Bond and Halifax Bonus Bond, Stakeholder Pension, Flexible Protection Plan and Protection for Life products all fall under the long-term insurance category as they are life assurance products and not classed as Investments under the scheme rules.
For Investment and Long-term insurances claims, customers would be covered per person, per separately authorised institution so you can make multiple claims – one per product category per each PRA or FCA authorised institution which is a member of the scheme. The separately authorised institutions within Lloyds Banking Group are: Scottish Widows Limited, HBOS Investment Fund Managers Limited, Clerical Medical Investment Fund Managers Ltd and Scottish Widows Unit Trust Managers Limited.
Important legal information
Lloyds and Lloyds Bank are trading names of Lloyds Bank plc. Registered office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS).