On 31 March 2025, the Bank of England Prudential Regulation Authority (PRA) announced a significant proposal: raising the Financial Services Compensation Scheme (FSCS) deposit protection limit from ...
Proposed increases in the deposit protection limit from £85,000 to £110,000 and in the temporary high balance limit from £1 million to £1.4 million would take effect from 1 December 2025. There would ...
When choosing a financial provider to stash your money with, be sure to check for FSCS protection. This vital compensation scheme means you could get your money back if the provider goes belly up.
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Savers are now protected up to £120k if their bank fails: Are savings platforms a thing of the past?
Products featured in this article are independently selected by This is Money's specialist journalists. If you open an account using links which have an asterisk, This is Money will earn an affiliate ...
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