Yes, money held in your Transaction Account, provided by ClearBank, is protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per person, per banking group.
Please note: If you hold any other accounts at ClearBank (in addition to your ClearBank account dedicated to Raisin UK), your protection of up to £85,000 is for the aggregated funds on your accounts. Please see the ClearBank page for details. For further information about FSCS, please visit https://www.fscs.org.uk/about-us/.