Quilter has announced that eligible customers of its CashHub savings service, provided by Bondsmith, have benefited from FSCS protection of up to £360,000 as of this week.
This follows the Prudential Regulation Authority’s decision to increase the UK deposit protection limit under the FSCS from £85,000 to £120,000 from 1 December 2025.
CashHub allows financial advisers to view their clients’ cash savings alongside their Quilter platform investments. The service includes access to CashHub MultiBank, which automatically diversifies deposits across multiple banks.
This significantly increases FSCS protection and offers a blended interest rate from a panel of leading UK banks.
It also means eligible clients can benefit from FSCS protection of up to £360,000, doubling to £720,000 for joint accounts, while maintaining ease of access, a single point of management and a competitive interest rate.
Quilter chief distribution officer Steve Gazard said: “The FSCS’s decision to increase its deposit protection limit from £85,000 to £120,000 provides savers with greater certainty that their money will be protected, and we are pleased to be able to offer an even higher level of protection for advised clients.
“Our CashHub Multibank offering significantly boosts protection for clients’ cash holdings and supports the diverse needs of advisers and their clients. The integrated cash management solution gives advisers a clear, consolidated view of their clients’ cash holdings, enabling comprehensive financial planning conversations.”
The minimum CashHub deposit is £100,000 for all ‘non-personal’ accounts and £1,000 for individual and joint accounts.
Initially launched for individual clients, CashHub was expanded in 2025 to support joint accounts, corporates, trusts and charities.
