JULY 2015 – New compensation limits
The FSCS deposit protection limit is changing from 1 January 2016 to £75,000. Deposits currently eligible for £85,000 compensation will remain protected up until 31 December 2015 to allow customers to reduce their balances if necessary. From 1 January 2016 the new limit of £75,000 will apply. For further information please visit the FSCS website.