Thursday, October 21

Increase to deposit protection limit confirmed

Extract . . . 

Savers with banks, building societies and credit unions will soon have greater protection if their savings institution goes bust. From 1 January 2011 the compensation limit rises from £50,000 to the equivalent of 100,000 euros (currently £84,450). The change is as a result of European legislation.

Link
http://www.bbc.co.uk/news/business-11392274

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