UK bank and building society customer protection limit to rise to £120,000
Increase of more than 40% from current figure of £85,000 will give more cover if financial firm goes bust The amount of a customer’s money protected if a UK bank or building society goes bust will rise to £120,000 next month, providing a boost to the nation’s savers.The new deposit protection...
<p>Increase of more than 40% from current figure of £85,000 will give more cover if financial firm goes bust </p><p>The amount of a customer’s money protected if a UK bank or building society goes bust will rise to £120,000 next month, providing a boost to the nation’s savers.</p><p>The new deposit protection limit, a 41% rise from the current limit of £85,000, is higher than expected and takes effect on 1 December.</p> <a href="https://www.theguardian.com/money/2025/nov/18/uk-bank-building-society-customer-protection-limit-rise-fscs">Continue reading...</a>
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