The Prudential Regulation Authority (PRA) has announced an increase to the FSCS deposit protection limit.
This change will take effect from 1 December 2025, raising the limit from £85,000 to £120,000 per person, per authorised firm.
This adjustment reflects inflation since the limit was last set in 2017 and is part of a statutory review conducted every five years under the Deposit Guarantee Scheme Regulations 2015. The increase is designed to ensure that your savings continue to be protected and to maintain confidence in the UK’s financial system.
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