Frequently Asked Questions

Construction Retentions

Understanding Construction Retentions in the UK
How much does a Retention Deposit Scheme account cost?

There is no charge for a Retention Deposit Scheme account. Like the tenancy deposit schemes, we are entirely funded by the interest payable on the retention while we hold it, allowing us to pass on an entirely free-of-charge service for the protection of your retention.

What are Construction Retentions?
Insights

Construction Retentions

Understanding Construction Retentions in the UK
No articles yet for this topic. We're currently upgrading our website - do check back soon for more interesting related content.
Retention Protection Pledge Supporter Badge

We support the Retention Protection Pledge

Waiving retentions for contracts under £100,000
Protecting retentions for contracts over £100,000
Committing to fair practices in respect of retentions and payment

As safe as houses.

We secure your retentions at the Bank of England

We don't lend, invest or leverage your retentions.  We simply hold all deposits in full and unencumbered at the Bank of England, always keeping them fully available on demand.

Learn more
  • Bank of England Britannia

    Retentions are safeguarded and protected from the trading activities of any underlying bank, meaning that even if the worst happens to a bank, or there is a run on its funds, or even if anything happens to us, your retentions are 100% secure.