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Nude LISA FSCS protection

Mosler · 2022-06-29 14:53:36

I've read the information on this site about the Nude LISA placing the money with Barclays and/or Virgin Money, therefore being covered by their FSCS protection. However, when the bank is looked up on the FSCS site it's says there is no protection for the savings, it's a bit of a worry. Has anyone got a Nude LISA?

Comments

intalex Posts: 1,140 Forumite

20 March 2023 at 6:43PM edited 21 March 2023 at 7:51AM

Just to point out something that's hidden in the smallprint for this account - in the event of a transfer, the account requires a 95 day notice period, after which the transfer is commenced and then follows industry timescales to complete the LISA transfer.

Also probably worth another reminder that Nude uses Barclays and/or Virgin Money to hold customer deposits, in case anyone is wondering with respect to FSCS limits.

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