Protecting You
How we protect your money
Your eligible deposits with Acorn Community Bank are protected up to a total of £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. Any deposits you hold above the £85,000 limit are unlikely to be covered. In respect of deposits, an eligible depositor is entitled to claim up to £85,000.
The £85,000 limit relates to the combined amount in all the eligible depositor’s accounts with the credit union, and not to each separate account.