You are reading a single comment by @nankatsu and its replies.
Click here to read the full conversation.
-
Thanks - yes it's a FCSC scheme which I hadn't heard about
https://www.fscs.org.uk/how-we-work/claims-process/temporary-high-balances/
nankatsu
Some close family had the same deal late last year- after lots of searching they concluded there were no good savings options if you need access in the short/medium term (0.1 or 0.2% interest).
Think they spread it into a few accounts because it felt more secure, but you should be legally protected for up to £1mil by regulations for 12 months after a house sale (above the usual £85k or whatever it is).