Is the Raisin UK Account protected? August 10, 2021 12:05 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 How does the Raisin UK Account work? Does Raisin hold my money? Can I withdraw funds from my Raisin UK Account? How long do I have to fund a savings account? When will my interest or profit be paid?