FSCS deposit protection limit rises to £120,000: what it means for savers and businesses
Exciting news for savers – the FSCS raised its deposit protection limit from £85,000 to £120,000 on Monday, 1 December 2025. Director, James Rix, outlines the key changes, how the higher limit benefits individuals and joint accounts, and why businesses may still need to tread carefully with large cash deposits.