Written Question·Treasury·UIN 20289
Financial Services Compensation Scheme
Tabled: 16 December 2024
Answered: 19 December 2024
Named DayQuestion
Mr Peter Bedford
Conservative — Mid Leicestershire
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential merits of increasing the Protected Savings threshold from £85,000.
Answer
Tulip SiddiqDeposits held by UK banks, building societies and credit unions that are authorised by the Prudential Regulation Authority (PRA) are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000, with joint accounts protected up to £170,000...
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