FSCS Limit Increase from 1st December 2025

From 1st December 2025, the deposit protection limit offered under the Financial Services Compensation Scheme (FSCS) will rise per eligible saver from £85,000 to £120,000. Here’s why this matters and how you can make the most of it.

What is FSCS protection?

The Financial Services Compensation Scheme (FSCS) is a government-backed scheme that protects your savings. If an authorised bank, building society or credit union fails, the FSCS will repay your eligible deposits up to the protection limit. This protection applies separately to each authorised institution where you hold money (The Charity Bank Limited has its own banking licence). It gives savers confidence that their funds are secure, even in the unlikely event of a financial institution failing.

Why the increase matters

The previous £85,000 limit has been in place since 2017. Over time, inflation eroded its real value, leaving savers with less protection in practice. The new £120,000 limit restores much of that value and makes planning simpler.

Security with purpose

With greater protection, you have more options for where to keep your money, and choosing Cambrian Credit Union means combining safety with community benefit.

Every pound you deposit is used to make loans to your fellow members, supporting local people and ethical enterprises within the community. That means your savings help fund fair loans, affordable financial services, and positive local change.

So, while the FSCS increase strengthens your financial security, saving with Cambrian Credit Union also gives you the satisfaction of knowing your money is making a difference right here in our community.

Find out more

For more information on the scheme, visit www.fscs.org.uk.