Written Question·Treasury·UIN 30346
Financial Services Compensation Scheme
Tabled: 10 February 2025
Answered: 18 February 2025
Question
Bradley Thomas
Conservative — Bromsgrove
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the merits of increasing the maximum level of deposit protection afforded by the Financial Services Compensation Scheme.
Answer
Emma ReynoldsEligible deposits 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 up to £85,000, with joint accounts protected up to £170,0...
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