Renfrewshire Wide Credit Union
41 High Street, Paisley
Monday 30th Jan, 2017
New 85,000 deposit limit from today
The Financial Services Compensation Scheme (FSCS) limit is now £85,000. It’s up £10,000 after an increase by the regulator earlier this month. And the limit for joint accounts moves to £170,000.
Chief Executive of the FSCS explains the increase strengthens savings protection. “Increasing our limit means we’ll protect more money and more people. Our new limit will protect about 98% of the UK public. So people can be sure their money in banks, building societies and credit unions is safe.”
For more information on the changes you can head over to the FSCS website.
If you need to contact us about any of this information then you can call us on 0141 889 7442 you can also email us - firstname.lastname@example.org