Virgin Money plans to transfer its savers to Clydesdale Bank on October 21.

Clients will have up to £85,000 of cover under the Financial Services Compensation Scheme if the bank fails.

Currently they benefit from two compensation limits — one for Clydesdale and one for Virgin Money — because they are currently two separate banks.

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2019-07-10T16:09:30+00:00 July 10th, 2019|

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