Is the money in my Savings account protected by the FSCS?
Savings are FSCS protected
Money in your Savings accounts is deposited with third-party partner banks. These savings are protected under the Financial Service Compensation Scheme (FSCS) up to £120,000 per eligible depositor, per bank.
This means that your savings balances are in scope of the partner bank's FSCS. If you have other products with the partner bank (such as a current account) this may also contribute to your £120,000 limit.
The FSCS limit applies to your total eligible deposits held with the partner bank. The partner bank information is available in-app and in your Savings T&Cs. Savings services are provided by Revolut Ltd in conjunction with the partner bank, not by Revolut Bank.
More information
You can learn more about FSCS protection on the FSCS website.