We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
FSCS limit in view of Brexit
jk0
Posts: 3,479 Forumite
I was discussing the £85,000 FSCS protection limit with my mother yesterday. I remember it was supposed to be equivalent to 100,000 Euro, and actually did reduce to £75,000 when the exchange rates changed a few years ago. Where do we stand now, in view of Brexit? Is it still £85,000, or has it gone back to the previous UK figure of £35,000?
0
Comments
-
The FSCS limits are pretty easy to find. They have not changed and are stated here:
1 -
and it wont be going back to £35,000. Thats a bit like asking if filling your car will be going back to under a tenner.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
-
https://www.fscs.org.uk/about-us/brexit/Will the FSCS deposit protection limit of £85,000 be affected by or revised after Brexit?
There are currently no plans to revise the FSCS deposit protection limit.1 -
Well with current exchange rates, if it were to change it would be re-set to £90,000, not £75,000.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.8K Banking & Borrowing
- 253.4K Reduce Debt & Boost Income
- 454K Spending & Discounts
- 244.7K Work, Benefits & Business
- 600.2K Mortgages, Homes & Bills
- 177.3K Life & Family
- 258.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards