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I think it's £85k and it is a total per bank. You also have £170k protection in a joint account. Looks like they will also protect £1M for 6 months
https://www.fscs.org.uk/what-we-cover/banks-building-societies/
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something that won't be affected by market swings
Sovereign bonds are considered risk-free - they are issued by the government. If that goes, you have far more to worry about that how much money you have.
Since the end of last year, govt bonds have been going up, while market indices have been dropping - as you might expect when things are thought t be getting hairy.
rj
NotThamesWater
@dicki
banks offer up to £75k guarantee for your deposits if they go bust, what other options does one have for cash / deposits that is completely safe, with global turmoil at the minute would hate to lose some cash because a bank defaults, very unlikely i know but want my bases covered. something that won't be affected by market swings
do numerous bank accounts with one banks all have £75k protection or is it £75k per individual ?