How are my Moneybox cash and investment products protected by the FSCS?

Both our cash and investment products are protected by the FSCS. However, the protection limit differs between them. The Prudential Regulation Authority (PRA) increased the FSCS deposit protection limit for cash savings from £85,000 to £120,000 per person, per authorised institution on 1 December 2025. 

Here’s an overview of how this protection works for Moneybox products:

Single partner bank

For Reward Savings Account, 32 Day Notice, 45 Day Notice, 95 Day Notice, and 120 Day Notice Accounts, your money with Moneybox is deposited with one partner bank, which is covered by the FSCS up to the £120,000 limit per eligible depositor, per authorised institution. 

This means that any money you hold with that partner bank – whether deposited through Moneybox, directly with the bank or through another provider that also uses the same bank- will count towards your £120,000 FSCS limit.

Panel of third-party banks 

For our Simple Saver, Cash ISA, Open Access Cash ISA, 90 Day Notice, 1 Year Fixed Rate, and Cash Lifetime ISA, Moneybox deposits your money with a panel of third-party banks. Each bank is covered by the FSCS up to the £120,000 limit per authorised institution, meaning your money is protected up to the £120,000 with each bank on the panel. 

Investment accounts

FSCS protection works slightly differently for our investment accounts. Any uninvested money held in ‘Available Cash’ is treated as cash and is covered by the FSCS deposit protection limit of £120,000 per person per authorised institution. However, investments are protected up to £85,000 per person, per UK-authorised firm, should that firm collapse. 

Please note that the FSCS protection does not cover losses if the value of your investments goes down. You can find more information on how the FSCS protection works and the partner banks we use here.