Full list of FSCS protected institutions in UK

Hello, does anyone have a list of all institutions in the UK that are separate from one another?
I.e. if you had £1M that you wanted to spread across savings accounts (yes I know there are better ways, but just humour me), where could you put each of your £85ks (or £170ks in joint accounts) so ALL your money was protected?
Are there even enough institutions to do this?
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Comments

  • friolento
    friolento Posts: 2,162 Forumite
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    edited 4 March 2024 at 5:20PM
    Check the FSCS website. https://www.fscs.org.uk/what-we-cover/credit-unions/cabbie/

    It would be more than easy to spread £1m across a dozen or more providers, each with a separate £85k cover.

    If you want more than £85k cover with a single provider, NS&I is your answer.

  • SiliconChip
    SiliconChip Posts: 1,775 Forumite
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    The Bank of England have a list, although it dates from 2021 so I'm not sure it's completely up to date.
    There are more than enough separate instituations to allow £1 million to be fully protected (it only needs 12), and there's always NS&I which offers full protection for the maximum amount that is allowed in each type of account, which is £2 million in the Direct Saver.
  • GrubbyGirl_2
    GrubbyGirl_2 Posts: 913 Forumite
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    This will tell you if a bank is owned by another and therefore the protection would be shared over those institutions.

    https://www.which.co.uk/static/tools/new-reviews/who-owns-who-banking/who-owns-who.html
  • Roi35426
    Roi35426 Posts: 5 Forumite
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    eskbanker said:
    The Bank of England have a list, although it dates from 2021 so I'm not sure it's completely up to date.

     is the most recent one I can find.
    From this list am I right in thinking I would need to select different FRN numbers to ensure the FSCS protection does not overlap?
    For example, if I look at FRN 114724 which is Royal Bank of Scotland, that same number appears 42 times!
    I haven't been through the full list with much detail but have I completely misinterpreted how this works? All I want is a sort of family tree of institutes in order to spread money far enough but retain quick access.

    I'm aware of NS&I's £2M limit. This will be separate.
  • masonic
    masonic Posts: 26,454 Forumite
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    Roi35426 said:
    eskbanker said:
    The Bank of England have a list, although it dates from 2021 so I'm not sure it's completely up to date.

     is the most recent one I can find.
    From this list am I right in thinking I would need to select different FRN numbers to ensure the FSCS protection does not overlap?
    For example, if I look at FRN 114724 which is Royal Bank of Scotland, that same number appears 42 times!
    I haven't been through the full list with much detail but have I completely misinterpreted how this works? All I want is a sort of family tree of institutes in order to spread money far enough but retain quick access.

    I'm aware of NS&I's £2M limit. This will be separate.
    Since you are probably only interested in some specific banks, you can build up a list here: https://www.fscs.org.uk/check/check-your-money-is-protected/
    Once you search on one, you can then add others. If you say you've got £85k in each you'll soon find any overlaps.
  • eskbanker
    eskbanker Posts: 36,578 Forumite
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    Roi35426 said:
    eskbanker said:
    The Bank of England have a list, although it dates from 2021 so I'm not sure it's completely up to date.

     is the most recent one I can find.
    From this list am I right in thinking I would need to select different FRN numbers to ensure the FSCS protection does not overlap?
    For example, if I look at FRN 114724 which is Royal Bank of Scotland, that same number appears 42 times!
    I haven't been through the full list with much detail but have I completely misinterpreted how this works? All I want is a sort of family tree of institutes in order to spread money far enough but retain quick access.
    Yes, the purpose of the list is to show which brands share the same FRN, so if you're looking to choose institutions without any sharing of the FSCS limit then you need to ensure that they relate to different FRNs.

    https://www.bankofengland.co.uk/-/media/boe/files/prudential-regulation/authorisations/which-firms-does-the-pra-regulate/2023/list-of-building-society-brands-september-2023.pdf is the equivalent for building societies, but in both cases, the purpose of the lists is to show any sharing of licences, so is almost the opposite of your request for "a list of all institutions in the UK that are separate from one another", in that institutions not sharing with anyone, e.g. TSB, won't be on either list!
  • Roi35426
    Roi35426 Posts: 5 Forumite
    Third Anniversary First Post
    eskbanker said:
    Roi35426 said:
    eskbanker said:
    The Bank of England have a list, although it dates from 2021 so I'm not sure it's completely up to date.

     is the most recent one I can find.
    From this list am I right in thinking I would need to select different FRN numbers to ensure the FSCS protection does not overlap?
    For example, if I look at FRN 114724 which is Royal Bank of Scotland, that same number appears 42 times!
    I haven't been through the full list with much detail but have I completely misinterpreted how this works? All I want is a sort of family tree of institutes in order to spread money far enough but retain quick access.
    Yes, the purpose of the list is to show which brands share the same FRN, so if you're looking to choose institutions without any sharing of the FSCS limit then you need to ensure that they relate to different FRNs.

     is the equivalent for building societies, but in both cases, the purpose of the lists is to show any sharing of licences, so is almost the opposite of your request for "a list of all institutions in the UK that are separate from one another", in that institutions not sharing with anyone, e.g. TSB, won't be on either list!
    This is a real faff but achievable for my needs. 
    I was hoping somewhere there would be a list already without me having to create my own, but thank you to all who have responded.
  • friolento
    friolento Posts: 2,162 Forumite
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    edited 7 March 2024 at 10:27AM
    Roi35426 said:
    eskbanker said:
    Roi35426 said:
    eskbanker said:
    The Bank of England have a list, although it dates from 2021 so I'm not sure it's completely up to date.

     is the most recent one I can find.
    From this list am I right in thinking I would need to select different FRN numbers to ensure the FSCS protection does not overlap?
    For example, if I look at FRN 114724 which is Royal Bank of Scotland, that same number appears 42 times!
    I haven't been through the full list with much detail but have I completely misinterpreted how this works? All I want is a sort of family tree of institutes in order to spread money far enough but retain quick access.
    Yes, the purpose of the list is to show which brands share the same FRN, so if you're looking to choose institutions without any sharing of the FSCS limit then you need to ensure that they relate to different FRNs.

     is the equivalent for building societies, but in both cases, the purpose of the lists is to show any sharing of licences, so is almost the opposite of your request for "a list of all institutions in the UK that are separate from one another", in that institutions not sharing with anyone, e.g. TSB, won't be on either list!
    This is a real faff but achievable for my needs. 
    I was hoping somewhere there would be a list already without me having to create my own, but thank you to all who have responded.

    You'd do much better using the FSCS or MSE or Which? lookup rather than create your own list. Whilst it doesn't happen very often, banks can change their licence agreements and this might affect the FSCS cover. FSCS / MSE / Which? will update their data as required.
  • eskbanker
    eskbanker Posts: 36,578 Forumite
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    Roi35426 said:
    This is a real faff but achievable for my needs. 
    I was hoping somewhere there would be a list already without me having to create my own, but thank you to all who have responded.
    What are your needs?

    You were originally implying that you were merely hypothesising about how someone with a massive pot of cash might distribute that, but if you clarify a bit more detail about your actual situation then it may be possible to offer more meaningful assistance.  For example, would the FSCS temporary high balances provision come into play perhaps?
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