FSCS deposit limit to be increased to £120,000

19th November 2025 Consumer Lending | #FSCS deposit

The Prudential Regulation Authority (PRA) has announced that the amount of a customer’s money protected if a UK bank or building society or Credit Union becomes insolvent will rise to £120,000 from December 2025. This increases the limit from the current £85,000 which was set in 2017. It is also more than the previous PRA…

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