On the 1st December 2025, the Financial Services Compensation Scheme’s (FSCS) protection limit for eligible cash deposits with UK banks, building societies, community banks and credit unions increased from £85,000 to £120,000. This means your cash deposits are now protected up to the value of £120,000 with Northern Community Bank.
FSCS protection applies to cash deposits you hold with a UK-authorised financial firm and it’s a limit that applies per person, per firm. So, if you have cash deposits in multiple accounts with the same firm, you will be protected up to £120,000 across those accounts if that firm were to fail.
There’s nothing you need to do – the limit has automatically been updated for you.
You can learn more about the FSCS on this dedicated page.
Account limit Increases
Following the FSCS protection limit increase, Northern Community Bank has also increased the total amount of combined cash you can hold across the following accounts from £85,000 to £120,000:
- Long term savings
- Fixed Term Savings earning up to 4.5% AER
- Northern Saver 2.78% AER (variable)
- Instant Access
- Christmas Savings
- Bill Planning
- Dream Saver
- Young Saver
- Save the Change
It’s a great reason to consider moving more of your savings to Northern Community Bank, to make the most of our savings accounts and competitive interest rates.
Check out the different savings accounts we offer here
There has been no change to the interest rate you are currently earning with your Northern Community Bank savings accounts.
We’re updating our T&Cs
To reflect the new FSCS limit, we’re updating our terms and conditions. You can view them anytime on our website here. If you have a question about the FSCS protection you can speak to our team through the Online Account Area and secure App chat or email hello@northerncb.uk or telephone 01282 691 333.
