Changes to FSCS
Your savings are even safer
Great news for savers!
The Financial Services Compensation Scheme (FSCS) has boosted its protection for savers – giving you even more peace of mind.
The enhanced limits cover:
- £120,000 per person, per banking institution (up from £85,000)
- Up to £240,000 for joint accounts
- £1.4m for temporary high balances (up from £1m)
What does this mean for you?
If you have savings with a UK-authorised bank, building society or credit union and it goes out of business, FSCS can now compensate you up to £120,000 per eligible person, per authorised firm.
Any eligible deposits you hold with us are automatically protected up to £120,000 – no action needed. This is a big win for savers and means greater security for your money. To find out more contact us here.
