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I recall reading that the FSCS limit of £85K was introduced in 2017 and the threshold was related to the UK being part of Europe.Taking into account Brexit, savings tax and inflation, why is the limit still £85K in 2025?0
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Because the previous limit was much lower and going back to the early days, it is still lower than £85k in today's money.dosh37 said:I recall reading that the FSCS limit of £85K was introduced in 2017 and the threshold was related to the UK being part of Europe.Taking into account Brexit, savings tax and inflation, why is the limit still £85K in 2025?0 -
masonic said:
Because the previous limit was much lower and going back to the early days, it is still lower than £85k in today's money.dosh37 said:I recall reading that the FSCS limit of £85K was introduced in 2017 and the threshold was related to the UK being part of Europe.Taking into account Brexit, savings tax and inflation, why is the limit still £85K in 2025?
Ok - so it's still a con?0 -
As a saver I spend many pointless hours moving cash between accounts to avoid the £85K limit.My understanding is that there are proposals to increase the limit to £110K.2
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The £85k threshold is under review and may be increased in December.
https://www.bankofengland.co.uk/news/2025/march/the-pra-proposes-raising-fscs-deposit-protection-limit1 -
About time!0
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The FSCS is not a con. I've personally benefited from it. Or did you mean Brexit?dosh37 said:masonic said:
Because the previous limit was much lower and going back to the early days, it is still lower than £85k in today's money.dosh37 said:I recall reading that the FSCS limit of £85K was introduced in 2017 and the threshold was related to the UK being part of Europe.Taking into account Brexit, savings tax and inflation, why is the limit still £85K in 2025?
Ok - so it's still a con?
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Was set to £85k to match €100k in EU. Was £50k before that.dosh37 said:I recall reading that the FSCS limit of £85K was introduced in 2017 and the threshold was related to the UK being part of Europe.Taking into account Brexit, savings tax and inflation, why is the limit still £85K in 2025?2 -
And £35k in 2008.mebu60 said:
Was set to £85k to match €100k in EU. Was £50k before that.dosh37 said:I recall reading that the FSCS limit of £85K was introduced in 2017 and the threshold was related to the UK being part of Europe.Taking into account Brexit, savings tax and inflation, why is the limit still £85K in 2025?0 -
Kent Reliance
Your account name: D79 EASY ACCESS ACCOUNT
Important: we're reducing the interest rate on your account from 24/07/2025 as shown in the table below.
Previous Rate:
New Rate:
GROSS* 4.64% / AER** 4.64%
GROSS* 4.30% / AER** 4.30%
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