3min chapter

The Martin Lewis Podcast cover image

Are your savings safe in the bank? (and paying to squeeze blackheads)

The Martin Lewis Podcast

CHAPTER

How to Protect Your Money in the UK

You are protected up to £85,000 per person per UK regulated financial institution. That includes almost all banks operating in the UK. The big thing to understand here is that protection is per institution, not per account. You can have as many different accounts as you like with a bank or building society. What matters is the total amount you have with that institution and the limit is £ 85,000.

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