Current £85,000 level of protection stands until the end of 2015
Savers are getting a new deposit guarantee limit from the New Year.
The current £85,000 level of protection continues until 31 December 2015. So there’s no immediate change for consumers. That means people with more than the new limit have six months to spread their money around to keep within it.
The new limit will be £75,000, which will protect more than 95% of all savers. The overwhelming majority of people have £50,000 or less in savings.