UK Boosts Bank Deposit Protection to £120,000 from December, Here’s What Savers Must Know

UK Boosts Bank Deposit Protection to £120,000 from December, Here’s What Savers Must Know

Nov 18, 2025

Bank Deposit Protection: The UK’s safety net for bank savers is set to grow significantly. From 1 December 2025, the Financial Services Compensation Scheme (FSCS) will raise the maximum amount of savings protected in the event of a bank, building society or credit

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