Cash you put into authorised UK banks or building societies is protected by the Financial Services Compensation Scheme (FSCS).
Up to £85,000 per person in any one authorised firm is safe even if the firm collapses.
Cash you put into UK banks or building societies (that are authorised by the Prudential Regulation Authority) is protected by the Financial Services Compensation Scheme (FSCS).
The FSCS savings protection limit is £85,000 (or £170,000 for joint accounts) per authorised firm.
It is worth noting that some banking brands are part of the same authorised firm.
If you've got more than the limit within the same bank or authorised firm, it’s a good idea to move the excess to make sure your money is protected.