Savings protection 85k

s4uch1e

Asking on behalf of my father, he has a savings account with clydesdale bank with substantially more than the 85k protection limit.
Am i right in thinking if he was too deposit 85k into say TSB account he would be protected on both the accounts at the same time??
Thanx

2010

Yess4uch1e said:

Asking on behalf of my father, he has a savings account with clydesdale bank with substantially more than the 85k protection limit.
Am i right in thinking if he was too deposit 85k into say TSB account he would be protected on both the accounts at the same time??
Thanx

Yes.
What you have to be aware of is the sharing of the same banking licence.


https://www.fscs.org.uk/how-we-work/customer-info/banking-licences/

Neil49

NS&I savings are protected up to the limit of your investment. I think £2 million is the maximum you can save in their Direct Saver. 

Another_Saver

Neil49 said:

NS&I savings are protected up to the limit of your investment. I think £2 million is the maximum you can save in their Direct Saver. 

Upto £4,050,000.00 if you don't use their ISA too. It's convenient for the hyooge amount you can securely save but from the end of this month onwards the rates offered are dire (apart from Premium Bonds).