Savings & ISAs

The FSCS savings compensation scheme limit is falling to £75,000

If you have more than £75,000 in a bank or building society, you may not be covered by the savings compensation scheme from 2016Currently, up to £85,000 of savings are protected – that’s money you can have in any one bank or building society (or credit union), or money that’s spread between different banks or building societies if they share a banking licence/authorisation from the regulator