Showing results for tags 'â£85'.
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The maximum compensation payable to account holders and savers if their bank collapses is to return to its previous limit of £85,000. The Bank of England said the change to the Financial Services Compensation Scheme (FSCS) would happen by 30 January 2017. The compensation limit was lowered to £75,000 in July 2015, following sterling's rise against the euro. The FSCS covers current and savings accounts, and cash ISAs http://www.bbc.co.uk/news/business-38050155
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