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Plan to raise deposit protection limit to £110,000

BBC Business LogoBBC Business2d ago

Plan to raise deposit protection limit to £110,000 - BBC Business

Quick Summary:

The amount of savings protected if a bank goes under should rise from the current £85,000, the PRA says.

Gas and electricity bills will rise again on 1 April, when the latest energy price cap takes effect.

A proposed change to banking rules will increase significantly the amount of savers' money that is protected when a bank or building society goes under.

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Plan to raise deposit protection limit to £110,000 - BBC Business (Picture 1)

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Article Details

Category: Business

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-31 @ 12:18:17 (2 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 27475580

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About BBC Business

BBC Business Logo

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 9 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 9 hours ago

Coverage Areas: United Kingdom

Ownership: Independent Company

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #43

Publisher Details

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The story "Plan to raise deposit protection limit to £110,000" has 503 words across 20 sentences, which will take approximately 3 - 5 minutes for the average person to read.

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The story "Plan to raise deposit protection limit to £110,000" was covered 2 days ago by BBC Business, a news publisher based in United Kingdom.

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BBC Business is a fully independent (privately-owned) news outlet established in 1922 that covers mostly business news.

The outlet is headquartered in United Kingdom and publishes an average of 9 news stories per day.

It's most recent story was published 9 hours ago.

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  • News ID: #27475580
  • URL: https://beamstart.com/news/plan-to-raise-deposit-protection-17434237659169

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