Keeping your savings safe

Your savings are your future. Keeping them safe is vital. Here at AJ Bell Youinvest we’ve a raft of security measures to do just that, including 256-bit SSL encryption for your data, and cover from the Financial Services Compensation Scheme (FSCS) for your money in our Cash savings hub.

Regulated by the FCA, AJ Bell is a FTSE 250 company with £56.5bn of assets under administration for 295,000 customers. We’re an award-winning and financially secure business. Learn more about AJ Bell.

How your savings are held

Apart from when it's transferring, your money is always held in one of two places – in your transit account, or in a savings account you’ve chosen yourself.

By logging in, you can see in a glance exactly where your money is. And we’ll email you with confirmations and reminders to help you stay on top of everything.

Transit account

Your transit account is unique to you, with your own account number and sort code. It’s operated by our partner, Starling Bank, who are authorised and regulated by the PRA and FCA and covered by the FSCS. As it's only intended as a temporary home for your money, the transit account doesn’t pay any interest.

Savings accounts

Your savings accounts are held with our partner banks. To help keep you and your savings secure, we only work with partner banks who are:

  • Authorised by the Prudential Regulation Authority (PRA)
  • Regulated by the Financial Conduct Authority (FCA) and PRA
  • Covered by the Financial Services Compensation Scheme (FSCS)

Financial Services Compensation Scheme (FSCS) protection

Every savings account we offer is covered by the Financial Services Compensation Scheme (FSCS). In the unlikely event that your bank goes under and you lose your money, the FSCS aims to pay you back within seven working days.

The FSCS covers up to £85,000 per person, per banking licence.

This is the most you can deposit per partner bank in your Cash savings hub. If you open more than one account with the same partner bank, the £85,000 limit applies across the total amount deposited.

It's possible that money you have elsewhere shares a banking licence with one of our partner banks. So it's worth checking to make sure you're fully covered.

Online security

We have comprehensive measures to safeguard your personal information. To ensure your data can’t be intercepted and read, we use 256-bit SSL encryption between your browser and our servers. Look for the padlock icon in your address bar which shows this encryption is in place.

Additionally, it’s only possible to access the AJ Bell Youinvest website via https (SSL). This guarantees your browser can't visit our site without the safeguard of SSL encryption.

To ensure you’re benefiting from the latest encryption ciphers we support, we encourage you to keep your browser up to date. Encryption ciphers scramble the data you give us, keeping it secure.  

To learn more about online security, take a look at our security centre.

Ready to start saving?

Choose a savings account

Or you can learn more about how the Cash savings hub works.