How much does a Retention Deposit Scheme account cost?
Construction Retentions
The UK Retention Deposit Scheme is an independent scheme for the protection of retentions under construction contracts.
We provide segregated bank accounts for construction retentions under standard-form and bespoke construction contracts in England and Wales.
No-cost retention protection
Funds safeguarded at the Bank of England
Open an account for free, online, 24/7
No-cost retention protection
Funds safeguarded at the Bank of England
Open an account for free, online, 24/7
Construction Retentions
How much does a Retention Deposit Scheme account cost?
Frequently Asked Questions
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.
For Employers
Support your supply chain and ring-fence your Contractor's retentions.
For Contractors
Secure your retentions and ensure prompt release in line with your contract.
For Sub-Contractors
Protect your retention and insulate yourself from Contractor insolvency.
