FSCS - protecting your money Who owns who in the savings market?

For most people, £75,000 worth of savings cover will provide adequate protection. But what if you have more than this amount in savings?

The answer is that it's vital to spread your money around, placing it with separate financial institutions so that each chunk of your cash is covered separately under the Financial Services Compensation Scheme (FSCS). 

If you place too much money with a single institution, you could stand to lose some of it if your bank or building society went bust. Unfortunately, it isn't always easy to spot which banks and building societies form part of the same financial institution. 

Which? Money Compare table: Savings accounts and Isas - compare hundreds of deals

Who owns who in the savings market?

Our tool gives a comprehensive list of banking brands. Just search for the bank or building society you're looking for, and we'll tell you who they own, or are owned by, and how much protection you'll get under that brand.

Armed with this information, you'll be able to spread your money around different companies to ensure that you're fully protected should the worst happen.

If you see that two or more banking brands share the same banking licence, this means you cannot safely save more than £75,000 across all of them. 

Who owns whom in banking?
Ulster Bank

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Which? Limited (registered in England and Wales number 00677665) is an Introducer Appointed Representative of Which? Financial Services Limited (registered in England and Wales number 07239342). Which? Financial Services Limited is authorised and regulated by the Financial Conduct Authority (FRN 527029). Which? Mortgage Advisers and Which? Money Compare are trading names of Which? Financial Services Limited. Registered office: 2 Marylebone Road, London NW1 4DF.