The Bank of Cyprus has announced that its British business, Bank of Cyprus UK Ltd, is now running its banking business here in the UK, meaning its savers are protected by the FSCS.
Amid mounting concerns about the state of Europe’s banks, the British bit of Bank of Cyprus wants to switch from the Cypriot depositor protection scheme to the UK's FSCS.
European savers are well protected under deposit guarantee schemes. But check now who covers your savings and where to get information, should the euro crisis hit your savings bank.