The scheme to protect savers with money deposited in UK banks and building societies has been expanded, following the recent run on Northern Rock.
The current deposit protection scheme will now guarantee a saver's first £35,000 of savings.
Chancellor Alistair Darling said this was the first stage of a wider reform to the system that protects customers.
Paul Lewis discusses the change with Martin Lewis from moneysavingexpert.com
Listen to this item
External internet links:
What are these?
Download or subscribe to this programme's podcast
Most Popular Now | 1,071 people are reading stories on the site right now.";