More coverage, less hassle
A savings account built for large balances. With up to £360,000 in FSCS protection.
Earn 3.23% AER (variable) on your savings.
Three rates, managed for you
Your savings are professionally managed across three partner banks - all through a single account. No need to chase rates or switch accounts.
- Earn 3.23% AER (variable) on your savings.
Serious protection for serious sums
Big financial moves demand more than a standard savings account. Whether you’re holding a large amount of funds from a property sale or preparing a deposit, Multi Shield helps you spread cash across multiple UK banks within FSCS limits.
- Your cash is cascaded across three partner banks, giving you up to £360,000 of FSCS protection.
- Available FSCS protection is calculated per depositor, per bank.
Why choose Multi Shield for your savings?
Our dedicated team is focused on maximising your wealth.
A competitive rate
We continuously monitor the market to ensure you earn a high yield on your savings.
Secure & protected
Your savings are spread across three bank accounts and protected by the Financial Services Compensation Scheme (FSCS) up to £360,000
Easy access
The account is easy access with unlimited next working day withdrawals.
Get set up quickly
Your new way to wealth starts here
Modern tools. Human expertise. More control.
Any questions on Multi Shield?
Quick answers to your top questions
Each deposit you make is placed with one or more UK-regulated banks, each of which offers up to £120,000 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 £360,000.
The participant banks are currently: HSBC Bank Plc, Lloyds Bank plc and Santander Financial Services Plc. In that order. The first £120,000 is deposited with HSBC, the next £120,000 at Lloyds and the third £120,000 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 £120,000 is always deposited at the highest rate partner bank, the second £120,000 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 £1. Multi Shield is designed to spread larger balances across partner banks to help maximise coverage and protection.
Multi Shield is an easy access product. Withdrawals take 1 working day for the funds to move from the underlying banks back to the Sidekick wallet or your nominated bank account.
Deposits take 1 working day for the funds to move from Sidekick to the underlying banks. Once they arrive at the partner banks, that is the point at which they earn interest.