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Reply To: NSI & ISAs

Annie ThorpeAnnie Thorpe

Hi Sam,

It all depends on how much you have in your ISAs and where you want to move them to. Your savings are each protected up to £85,000 per banking group – your wife and you each get that allowance, so it’s not split between married couples.

We’ve just published this article, which explains who owns which banks:

As long as you spread any money over £85k (each) across different groups, you’re protected if your bank goes bust. It’s the same for the NS&I ISAs, too – anything over that amount isn’t protected, although the risk of that bank going bust is negligible because, as you say, it’s the only state-backed bank with Treasury support.

Hope that helps!