From 1st December, the FSCS deposit protection limit has increased from £85,000 to £120,000 per person, per authorised UK bank, building society or credit union.
What is the FSCS?
The Financial Services Compensation Scheme (FSCS) is the UK’s deposit protection scheme. It protects your money if a bank, building society or credit union were ever to fail, stepping in automatically to repay you up to the protected limit.
This increase means your savings with us continue to be covered and fully protected, giving you extra peace of mind.
