Get the appMulti Shield
More coverage, less hassle
A savings account built for large balances. With up to £255,000 in FSCS protection.
Earn up to 4.48% AER (variable), including a 1% bonus for 6 months on your first £85,000
A savings account built for large balances. With up to £255,000 in FSCS protection.
Earn up to 4.48% AER (variable), including a 1% bonus for 6 months on your first £85,000
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Your savings are professionally managed across three partner banks - all through a single account. No need to chase rates or switch accounts.
Deposits are automatically allocated from the highest-yielding bank down, up to each bank’s deposit limit. As rates or balances shift, your funds are rebalanced to ensure your blended rate stays competitive.
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Each deposit you make is placed with one or more UK-regulated banks, each of which offers up to £85,000 in protection per person, per bank under the Financial Services Compensation Scheme (FSCS).
Multi Shield allocates your funds across multiple banks to maximise your protection up to £255,000.
The participant banks are currently: HSBC Bank Plc, Lloyds Bank plc and Santander Financial Services Plc. In that order. The first £85,000 is deposited with HSBC, the next £85,000 at Lloyds and the third £85,000 at Santander Financial Services.
Multi Shield offers a variable AER based on the blend of partner bank rates. You’ll always see the current blended rate before you deposit. The first £85,000 is always deposited at the highest rate partner bank, the second £85,000 at the next highest rate bank, and so forth.
No. Sidekick, via our partner Bondsmith, handles everything for you. Funds are automatically allocated across institutions to maximise protection and returns - no paperwork, no bank hopping.
The current minimum deposit is £10,000. Multi Shield is designed for larger balances to help maximise coverage and protection.
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