FSCS vs Global Deposit Insurance: Why the UK Wins

The UK's FSCS deposit cap rose from £85,000 to £120,000 on 1 December 2025, lifting it past the EU and Switzerland and putting it third behind the US ($250,000) and Australia (AUD $250,000)

FSCS protects more product types than any major scheme - cash, investments, pensions, insurance, mortgage advice - most schemes only cover bank deposits

The £1.4 million Temporary High Balance rule (house sale, inheritance, redundancy) is unique to FSCS with no equivalent in any other developed economy

FSCS is industry-funded with no taxpayer dependency, has a 7-day payout target for cash, and has paid out reliably on every major UK failure since 2001