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FSCS limit

nitram

Registered User
Apr 6, 2011
19,934
North Manchester
Basically the pound has strengthened against the euro so the limit is going down from £85k to £75k at the end of the year.

No decision yet about what happens to people who have a bond in excess of £75k (inc interest) at the end of the year, will the provider be forced to allow them to withdraw some funds early without penalty?

http://www.fscs.org.uk/what-we-cover/questions-and-answers/qas-about-limit-changes/
 
Last edited:

jimbo 111

Registered User
Jan 23, 2009
5,080
North Bucks
Basically the pound has strengthened against the euro so the limit is going down from £85k to £75k at the end of the year.

No decision yet about what happens to people who have a bond in excess of £75k (inc interest) at the end of the year, will the provider be forced to allow them to withdraw some funds early without penalty.

http://www.fscs.org.uk/what-we-cover/questions-and-answers/qas-about-limit-changes/
Thank you nitram
It is a Godsend that people like you can keep 'old f***s like me aware of situations like this ,that we often ignore
jimbo
 

nitram

Registered User
Apr 6, 2011
19,934
North Manchester
The expected seems to be happening.
Two of the institutions I have deposits have emailed me to say that, if necessary to meet the new limit, up to £10k can be withdrawn without penalty on 31/12/15.