Is the Raisin UK Account protected? December 27, 2021 04:52 Updated 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 does the Raisin UK Account work? Can I withdraw funds from my Raisin UK Account? How long do I have to fund a savings account? How do I transfer my money into a savings account?