Deposit protection limit
On 1 December 2025 the FSCS deposit protection rose 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 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 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.
Banking licences
Some banks share a banking licence. Find out what this means for your FSCS protection.
Bank & savings checker
Check if your money in multiple bank, building society and credit union accounts is protected.
Sam and Priya's house deposit
Sam and Priya thought their savings were protected because they used different banking brands. They were surprised to discover all their accounts shared the same banking licence.
Chris' home sale
After selling his home, Chris had £250,000 in his account. He discovered his money qualified for temporary high balance protection while he searched for his next property.
Emma’s savings pot
Emma had built up £150,000 in savings before realising some of her money was above the FSCS protection limit. Find out how she protected all of her savings.