Are my savings safe?

Triodos Bank differs from the majority of ‘traditional’ banks; our alternative, sustainable financial model acts as a reference point for others, demonstrating that things can be done differently.

We only finance companies, institutions and projects that benefit people, society or the environment.

We maintain a strong, sustainable financial position.We do not lend out more than we have on deposit, nor do we trade in the wholesale money markets. Likewise we do not trade in derivatives or other abstract financial instruments. We have not invested in sub-prime debt. Our capital and liquidity is significantly above that of the majority of banks operating in the UK and Europe.

So, the chances that you will ever have cause to revert to the deposit guarantee scheme are remote.

But in order to allay any concerns you may have, we have included below some information about Triodos Bank in relation to deposit protection schemes and specifically the Dutch deposit guarantee scheme which is applicable to Triodos Bank NV.

Protection for your deposits

Triodos Bank in the UK is part of Triodos Bank NV which is based in the Netherlands. Most depositors of Triodos Bank both in the UK and in the Netherlands are entitled to financial compensation, should Triodos Bank default and become unable to meet its financial obligations and repay its depositors.

Because we are part of Triodos Bank NV, our eligible UK depositors are covered by the Dutch deposit guarantee scheme, rather than being covered by the Financial Services Compensation Scheme (FSCS) in the UK.

This means that, should our bank ever be unable to meet its financial obligations, our eligible UK depositors would be entitled to claim up to €100,000 (equivalent to approximately £86,303.62 as at 1 March 2013*) per person per institution, regardless of the number of accounts held, from the Dutch deposit guarantee scheme. For joint accounts, the maximum limit applies to both account holders, i.e. €100,000 each.

The Dutch deposit guarantee scheme and Financial Services Compensation Scheme both comply (along with all other European guarantee schemes) with the European requirements which include:

• having a standard compensation level of €100,000
• meeting the maximum payout timescale requirements across Europe, typically of 20 working days.

Read more about the Dutch deposit guarantee scheme (including the amounts covered and eligibility to claim.). For further information please call us free on 0800 328 2181 or refer to the Dutch Central Bank, De Nederlandsche Bank (DNB)

See our range of personal savings accounts  

*Based on GBP to Euro rate of 1.1587