The Prudential Regulation Authority (PRA) has confirmed that the Financial Services Compensation Scheme (FSCS) deposit protection limit will increase from £85,000 to £120,000.
This new limit will apply from 1 December 2025 for eligible deposits.
The FSCS protects members’ savings if a bank or credit union fails. From 1 December 2025, up to £120,000 of your eligible savings will be protected.
The PRA and FSCS will issue updated Information Sheets and Exclusions Lists shortly. Once available, these will be provided to members and published on our website and in our branches.
If you would like more information about FSCS protection, please visit: www.fscs.org.uk
