Is the Raisin UK Account protected? February 12, 2023 19:36 Updated Yes, money that you transfer into your Transaction 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 UK hold my money? Will I have online access to my savings accounts? Does the money I deposit in my Transaction Account earn interest? Is money held in my Raisin UK Account protected? What does ‘Account verification in progress’ mean?