The United Kingdom of Great Britain and Northern Ireland is the largest island state in Europe and has one of the strongest privatised economies in the world, evidenced by the fact that it has the third largest Gross Domestic Product in Europe. The national currency is the British Pound (GBP). The Financial Services Compensation Scheme (FSCS), an independent body created by the British government, protects money held in UK-regulated banks (up to £120,000 per person, per banking group) and pays compensation in the event that the institution fails.

United Kingdom

Founded in 2004, AlRayan Bank is an inclusive Islamic bank which welcomes customers of all faiths and beliefs. As the oldest and largest Islamic bank in the UK, AlRayan Bank serves over 85,000 customers throughout the UK with Sharia-compliant and FSCS protected banking products.

Because AlRayan Bank is an ethical, Sharia-compliant bank, they adhere to Sharia banking principles, which you can read about on our Sharia banking page.

AlRayan Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

AlRayan Bank

The FSCS is the United Kingdom’s statutory deposit guarantee scheme. If an FSCS-protected bank fails or is unable to meet its financial obligations, the FSCS can provide compensation for eligible customer deposits up to a limit of £120,000 per person, per bank. The FSCS’ £120,000 protection limit applies to all deposits held with a bank (including current and savings accounts), as well as any deposits held with intermediaries of the same bank (for example, where a bank operates multiple banks under different trading names). Read our dedicated FAQ page to learn more about the FSCS.

The Financial Services Compensation Scheme

BPI Europe Plc is a UK-based bank that has been operating since 2007. As a wholly owned subsidiary of the Bank of the Philippine Islands (BPI), BPI Europe Plc is part of the oldest bank in the Philippines and Southeast Asia. BPI was founded in 1851 and is now listed on the Philippine Stock Exchange. 
Headquartered in London, BPI Europe Plc specialises in the management and trading of fixed income securities, syndicated loan management and foreign exchange trading, among others. The bank is authorised by the Prudential Regulation Authority (PRA) and regulated by both the PRA and the Financial Conduct Authority (FCA).

BPI Europe Plc

LHV Bank, a fully licensed UK bank, specialises in Banking Services for global fintechs, retail consumer Savings and SME Lending solutions for UK businesses. The SME Lending division offers commercial real estate investment loans and trading loans from £0.5m to small and medium-sized businesses in the UK.

As a leading Banking Services provider, LHV Bank delivers a wide range of services, including real-time multi-currency payments, accounts, acquiring, indirect scheme access, open banking, and FX solutions. Over 200 renowned fintech companies utilise LHV Bank to serve more than 10 million end customers and to access a pool of 500 million potential customers across the UK and Europe.

LHV Bank Limited

Whiteaway Laidlaw is a trading name of Shawbrook Bank Limited, a bank trusted by more than 300,000 UK customers with over £17.5 billion in deposits. Whiteaway Laidlaw offers simple, hassle-free savings accounts through its network of carefully selected partners. Your eligible deposits are protected up to £120,000 by the Financial Services Compensation Scheme (FSCS). If you choose to deposit in a Whiteaway Laidlaw savings account through Raisin, your deposits will be held by Shawbrook Bank Limited. This means the FSCS protection limit applies to the eligible deposits you have across all Shawbrook Bank and Whiteaway Laidlaw savings accounts, not each separate account. 

Whiteaway Laidlaw (a trading name of Shawbrook Bank Limited)

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<ul><li>Moneyfactscompare.co.uk's 'Savings Platform of the Year' 2026</li><li>Compare and open competitive FSCS-protected savings accounts from over 40 banks and building societies.</li><li>No faff. No fuss. No fees.</li></ul>

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Raisin UK makes it easy to compare and open savings accounts from a range of FSCS-protected banks. Competitive interest rates and no fees.

Your award-winning savings platform

Moneyfactscompare.co.uk's 'Savings Platform of the Year' 2026
Compare and open competitive FSCS-protected savings accounts from over 40 banks and building societies.
No faff. No fuss. No fees.

AlRayan Bank

BPI Europe Plc

Whiteaway Laidlaw (a trading name of Shawbrook Bank Limited)

LHV Bank Limited

Easy access savings accounts

Top up and withdraw money when it suits you with an easy access savings account.

Fixed rate bonds

Earn a fixed rate of interest across terms from 3 months to 5 years.

Learn more about saving with Raisin UK

Switching savings accounts

Get £100 bonus

6 month fixed rate bonds

Manage your savings. Anywhere. Anytime.

Your award-winning savings platform

Moneyfactscompare.co.uk's 'Savings Platform of the Year' 2026Compare and open competitive FSCS-protected savings accounts from over 40 banks and building societies.No faff. No fuss. No fees.

Easy access savings accounts

Top up and withdraw money when it suits you with an easy access savings account.

Fixed rate bonds

Earn a fixed rate of interest across terms from 3 months to 5 years.

Learn more about saving with Raisin UK

Switching savings accounts

Get £100 bonus

6 month fixed rate bonds

Manage your savings. Anywhere. Anytime.

Moneyfactscompare.co.uk's 'Savings Platform of the Year' 2026
Compare and open competitive FSCS-protected savings accounts from over 40 banks and building societies.
No faff. No fuss. No fees.