counter Major £25,000 hike to bank protection rules set to land within WEEKS – here’s how you’ll benefit – Forsething

Major £25,000 hike to bank protection rules set to land within WEEKS – here’s how you’ll benefit

MILLIONS of people with savings in UK bank accounts will soon have more of their cash protected.  The Prudential Regulation Authority (PRA), which oversees banking in the UK, proposed increasing the amount of savings that are protected if a financial firm goes bust to up to £110,000 in March. If you put money into a bank, building…

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