Free guide
Which banks share your £120,000?
Your savings are protected up to £120,000 per banking licence, not per bank name. Lots of familiar names share one licence. This two-page guide shows which ones, what changed this year, and how to check yours in two minutes.
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What's in the guide
- Which well-known banks and building societies share one banking licence, and so one £120,000 limit
- Which banks have the same owner but keep separate limits
- What changed after recent takeovers
- How to check your own banks in two minutes
Common questions
How much of my savings is protected?
Up to £120,000 per person, per banking licence. The Financial Services Compensation Scheme (FSCS) limit rose from £85,000 to £120,000 on 1 December 2025.
Why does the banking licence matter?
The limit is per licence, not per brand. If two names share one licence, your money across both counts towards one £120,000 limit. For example, £100,000 in Barclays and £50,000 in Tesco Bank is £150,000 under one limit, so £30,000 isn't protected.
Who does the FSCS protect?
Savers with banks, building societies and credit unions authorised in the UK, if the firm fails.