New compensation limits

The FSCS deposit protection limit is changing from 1 January 2016 to £75,000. Deposits currently eligible for £85,000 compensation will remain protected up until 31 December 2015 to allow customers to reduce their balances if necessary. From 1 January 2016 the new limit of £75,000 will apply. For further information please visit the FSCS website. […]

The FSCS deposit protection limit is changing from 1 January 2016 to £75,000. Deposits currently eligible for £85,000 compensation will remain protected up until 31 December 2015 to allow customers to reduce their balances if necessary. From 1 January 2016 the new limit of £75,000 will apply. For further information please visit the FSCS website.

Was this page helpful?

Ben West

As Head of Business Development, Ben is responsible for promoting our membership and services, improving customer experience, and developing our links with employers and community organisations

Join our Money Gym email list for money saving tips and information straight into to your inbox.

You May Also Like

Turn your Supermarket Spending into Savvy Saving

Turn your Supermarket Spending into Savvy Saving

The supermarket is full of temptation, and doing the weekly food shop can become an expensive trip if you’re not strict. Here’s some tips to save money on your supermarket spending.

A-Z of Financial Jargon

A-Z of Financial Jargon

The world of money comes with it’s very own dictionary of financial jargon. Read our A-Z of some words and phrases you should look out for.