#21 How we protect the money in your bank, building society or credit union
In this episode we answer questions we’re often asked about how we protect ‘deposits’: the money in your bank, building society or credit union. We talk about how much compensation we can pay and how quickly, how we’re funded (spoiler: it’s not by the taxpayer) and how we can step in if a bank fails. Listen to hear the answers to these and other questions we’re often asked about our deposit protection.
When this podcast was recorded, the deposit limit was £85,000. From 1 December 2025 it is £120,000 and the temporary high balance has risen to £1.4m. See our New Deposit Protection Limit page for details.
Useful links
Use our protection checker to see if your money is protected.
Learn more about our protection for the money in your bank, building society or credit union.
Transcript of episode 21
Read the transcript of episode 21 here (PDF 79KB).
The content of any discussions shouldn't be taken as an indication of future FSCS policy positions. The views expressed by guest speakers are their own and don't reflect the views of FSCS.