Don’t Risk Losing Your Savings | How to Keep All Your Savings Protected

💰 If you’ve worked hard to save, the last thing you want is to wonder whether your money is safe if your bank collapses. In this video from The Industry Portal, we break down exactly how savings protection works in the UK and abroad, so you know how to keep every penny secure.

In the UK, the Financial Services Compensation Scheme (FSCS) protects up to £85,000 per person, per bank licence. That means if your bank went bust, the FSCS promises to reimburse you — but only up to the limit. The US has the FDIC with $250,000 cover, and Europe offers €100,000. Knowing these limits and how they apply to multiple accounts is key to keeping your savings fully protected.

✅ In this video, you’ll learn:
What the FSCS is and how the £85,000 savings protection works
Why the limit applies per bank licence, not per account
How to spread money across banks to multiply your protection
The differences between UK, US, and EU savings protection schemes
A simple plan to keep more than £85,000 safe without risk

💡 Key takeaway: Don’t assume all your accounts at one bank are protected. By spreading your money across multiple banks, you can make sure all of your savings are covered.

👉 Whether you’re saving for a house, retirement, or just peace of mind, this video gives you the clear, practical steps to make sure your money stays safe.

📚 Learn more at: www.theindustryportal.com

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