UK Deposit Insurance Increased

Discussion in 'Deposits' started by CiaranT, Nov 23, 2016.

  1. CiaranT

    CiaranT .

    The UK Financial Services Compensation Scheme has increased deposit insurance from £75,000 to £85,000 effective 30 January 2017 due to the drop in the value of sterling.

    That means Irish deposits with Nationwide UK (Ireland), Investec and Leeds Building Society (Ireland) will soon be protected up to the euro equivalent of £85,000.

    More from Reuters here.