Changes to the UK’s deposit protection limit – here’s everything you need to know

From 2016, the amount of your money that will be protected from bank failure under the deposit protection scheme will fall by £10,000. Natalie Stanton examines the changes.

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From 31 December, the total protected per person in any one bank will fall to £75,000

As of 31 December 2015, there's a chance that a substantial chunk of your savings will no longer be safe in the bank. That's due to new changes to the Financial Services Compensation Scheme (FSCS) the UK's compensation fund which pays out to customers if their bank goes under. Here we'll outline what's new, and what these changes mean for your money.

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Natalie joined MoneyWeek in March 2015. Prior to that she worked as a reporter for The Lawyer, and a researcher/writer for legal careers publication the Chambers Student Guide. 

She has an undergraduate degree in Politics with Media from the University of East Anglia, and a Master’s degree in International Conflict Studies from King’s College, London.