Safe savings limit to rise to £120,000 – how to make sure your money's protected
If your UK-regulated bank, building society or credit union were to go bust on or after Monday 1 December, more of your savings will be protected. This is because the standard amount covered by the Financial Services Compensation Scheme (FSCS) will rise from £85,000 to £120,000. The protection on temporarily high balances will also increase.
