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? Does the money I deposit in my Raisin UK Account earn interest? Will I have online access to my savings accounts? How do I change my registered phone number? What is an easy access account?