Deposit limit protection increase
From 1 December 2025 the FSCS deposit protection limit will rise to £120,000.
This means that if you hold deposits or savings with a UK-authorised bank, building society or credit union and it goes out of business, FSCS can compensate you up to the new limit of £120,000 per eligible person, per authorised firm.
We also cover temporary high balances, which will also rise from December, of up to £1.4 million. These may occur from major life events, such as selling a home or receiving an inheritance. Temporary high balances are protected for up to six months.
This means that if you hold deposits or savings with a UK-authorised bank, building society or credit union and it goes out of business, FSCS can compensate you up to the new limit of £120,000 per eligible person, per authorised firm.
We also cover temporary high balances, which will also rise from December, of up to £1.4 million. These may occur from major life events, such as selling a home or receiving an inheritance. Temporary high balances are protected for up to six months.
Bank and savings protection checker
See how much of your bank, building society or credit union account is protected.
New FSCS protected badge
From 18 November, the FSCS Protected badge is changing its look.
Details of our coverage
See more details of around our bank, building society and credit union coverage.