Is the Raisin UK Account protected? 16 May 2022 12:48 Yes, money that you transfer into the Raisin UK Account is protected by the Financial Services Compensation Scheme (FSCS), which protects deposits up to £85,000 per person, per banking group. Related articles Does Raisin hold my money? How do I withdraw my matured or available funds to my bank or building society account? How do I transfer my money into a savings account? How do I close my Raisin UK Account? What should I do if I forget my password?