Your eligible deposits with Oxbury are protected up to a total of £120,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme. Find out more here: www.oxbury.com/fscs-compensation-scheme-information-sheet/.
The FSCS is the UK's statutory compensation scheme that protects customers of authorised financial services firms if they fail or have stopped trading. FSCS can pay compensation if an authorised firm is unable to pay back money it owes to customers in connection with a regulated activity.
This means that if you hold deposits or savings with a UK-authorised bank (like Oxbury), building society or credit union and it goes out of business, FSCS can compensate you up to a limit of £120,000 per eligible person, per authorised firm.
You can find out if your money is protected in two easy steps by using the FSCS Protection Checker at www.fscs.org.uk/check/check-your-money-is-protected/.