Bank Accounts

Bank of Scotland – now even better deposit protection



The Bank of Scotland is one of the oldest and largest banks in Europe, based in Edinburgh, Scotland. In Germany, the Bank of Scotland has been working exclusively as an Internet bank, which means that it is deliberately to maintain a costly branch network. This will benefit customers, invest their hard-money or days at the Bank of Scotland, because this may offer online banking highly profitable interest. In addition, the Bank of Scotland is known worldwide for its highly secure and convenient Internet services. More and more German clients make easy money from home or fixed-term deposits at the Bank of Scotland.

The deposits of savers were at the Bank of Scotland has always been certain: The membership of the British deposit insurance fund FSCS (Financial Services Compensation Scheme) were deposits guaranteed up to the equivalent of 85,000 pounds sterling per customer is 100% in case of insolvency of the Bank of Scotland. In addition to this protection is now even guaranteeing savings deposits by the Deposit Protection Fund of the Federal Association of German Banks. The Bank of Scotland is this German guarantee fund recently joined: He guaranteed all customer deposits now up to a maximum of 250,000 euros should get the Bank of Scotland in financial difficulties.

The accession of the Bank of Scotland to the Deposit Protection Fund of the Association of German Banks has made the investment in this online bank for German savers more attractive: even large sums of up to a quarter of a million euros now protected in this way. The very unlikely event of insolvency of the Bank of Scotland, German customers receive the deposit insurance fund of the Federal Association of German banks their money back quickly and easily. Thus the Bank of Scotland is just as safe as any German retail bank – it is therefore absolutely no reason to miss out the attractive interest rates and the Bank of Scotland!