Your savings have space to breathe

From 1 December 2025, the FSCS deposit protection limit will rise for eligible deposits from £85,000 to £120,000, per person, per UK-regulated provider. This is the largest uplift in more than a decade.

For clients with larger balances, this change could make protection simpler and gives you more space within each provider before you reach the limit.

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A quick refresher on the basics

• Eligible savings are protected up to £85,000 by the Financial Service Compensation Scheme (FSCS). From 1 December 2025, this limit increased to £120,000.
• FSCS protection activates if a regulated bank, building society or credit union fails. It refunds eligible balances up to the limit, usually within a week, with no forms or claims process. It steps in to protect your money, even in rare scenarios.
  

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What the new limit means in practice

• For some clients, the £85,000 limit meant spreading balances across several providers to stay fully covered. The £120,000 limit gives you an additional £35,000 of FSCS protection at each authorised provider; it may reduce admin and make consolidation easier.
• Joint account holders are covered separately, giving couples up to £240,000 of coverage at each authorised provider.
  

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Why this matters‍

With a higher FSCS protection limit, you may have greater flexibility in structuring your savings. Whether you're planning ahead or consolidating balances, the increased limit gives you more space to do it.

If you have questions about how this change affects your savings or want to explore your options, our client service team is here to help through in-app chat or at service@monument.co.