New bank DF Capital Ltd for Savings. Does the following sound safe?

Oldchap

Hi, I spotted on MSE that the DF bank had a good fixed 2yr rate so I opened an account. I was given an account number of yyyyyyyy. So far so good. Then I was  emailed telling me how the to send in the money. Basically they told me to send it to a sortcode of 60-00-01 acct no xxxxxxxx , where xxxxxxxx is NOT the acct number of my newly opened acct,  with a reference relating to the transfer of  yyyyyyyy. I looked up 60-00-01 and its Natwest ! I have emailed DF Bank but no response as yet. Does this seem safe?    (I checked they are fscs covered for £85k so that part is fine).   I have some money in Natwest so does this  mean if I have more than £85k in (natwest + df bank) then I could lose money if  the DF Bank crashed? Thanks for any advice.

kaMelo

Is yyyyyyyy your account number?
If yes then DF will have one account to which everyone deposits money, the reference no. (if it's your account no.) is how they allocate it to your account. The fact you mention it's a NatWest sort code makes me believe this is the case here.

It will also fail CoP if you put your own name in, it will require DF Capital or something like that as payee.

If yyyyyyyy is not  your account number then I'm stumped.

Albermarle

These smaller savings banks are not the same as big clearing accounts . For example they do not normally offer current accounts . So they use a big bank for their transactions . So you have to pay into their bank account and they transfer the money into your savings account.