site stats Major £35,000 hike to bank protection rules comes into force today – and millions will benefit – Posopolis

Major £35,000 hike to bank protection rules comes into force today – and millions will benefit

A HUGE £35,000 hike to bank protection rules comes into force today. Savings of up to £120,000 will be protected if a financial firm goes bust from December 1 (today). The changes were confirmed by the Prudential Regulation Authority (PRA), which oversees banking in the UK. If you put money into a bank, building society or investment…

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