No - your £85k guarantee is across all your accounts with that bank (even across the same group of banks). Straight from the source: https://www.fscs.org.uk/wh

No - your £85k guarantee is across all your accounts with that bank (even across the same group of banks). Straight from the source: https://www.fscs.org.uk/what-we-cover/banks-building-societies/ https://www.fscs.org.uk/what-we-cover/banks-building-societi... _If you have money in multiple accounts with banks that are part of the same banking group (and share a banking licence) we have to treat them as one bank. This means that our compensation limit applies to the total amount you hold across all these accounts, not to each separate account._