savings protection

[tonybx]

I know that savings up to �35000 in companies registered under the FSA are protected by the government , but what about companies such as ING which are EEA authorised?
Any help please: thanks in advance

[Ethel]

Ing:

ING Direct is:

* Regulated by the Financial Services Authority for the conduct of UK business and as a Dutch bank, is authorised by De Nederlandsche Bank.

So Ing is a safe as TSB or any High Street bank

[kempie]

EEA authorised banks etc. operate in other EEA member states under the "passport rights" regulations which specify that financial compensation for deposits is covered by the institutions' home state - in the case of The Netherlands the maximum amount is �38,000 per person per institution.

However it is true that ING Direct NV has topped up to the UKs FSCS scheme which allows for any shortfall from a claim initiated in the home state to be topped up to a maximum �35,000 by the FSCS.

http://www.dnb.nl/openboek/extern/id/en/all/41 -117052.html

http://www.fscs.org.uk/consumer/How_to_Claim/D eposits/EEA_firms_that_have_topped_up/