What is Multi Shield & how does it work?
Multi Shield helps protect your money by automatically spreading your deposit across multiple leading UK banks. This maximises your protection under the Financial Services Compensation Scheme (FSCS) while earning you a competitive interest rate.
When you deposit money into your Multi Shield account, your funds are allocated across a network of participating banks. A maximum of £85,000 is placed with each bank to ensure full FSCS coverage for deposits up to £255,000.