Savings protection boost

The amount the Financial Services Compensation Scheme (FSCS) protects for deposits increased by £10,000 on 30 January 2017.

The Scheme will now protect deposits up to £85,000 in banks, building societies and credit unions. Joint accounts will benefit from the increase with a new limit of £170,000.

Posted by Mandy Kemp on January 31st 2017

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