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# How "safe" is the money in my Upside Account?

Safeguarding the money (Upsides) we receive from you  
  
*   Your Upsides are kept in a “Safeguarded Account” with our Electronic Money Institution (EMI) partner, PayrNet (Terms and Conditions)
  
*   This means that your money is kept in your own name and separate bank account(s) belonging to the EMI, which are separate from our own office bank accounts
  
  
From a regulatory perspective, and unlike your bank, we cannot and will not use the funds to invest or lend to other persons or entities  
  
Please note:  
  
*   Your Upsides (e-Money) will not accrue interest; and
  
*   it is not covered by the Financial Services Compensation Scheme (FSCS)
  
  
If Upside ceases to trade, or becomes insolvent, the E-Money Provider will arrange for the redemption of the funds in your Upside Account. If the E-Money Provider ceases to trade, or becomes insolvent, Upside will make claims for the redemption of your funds on your behalf.  
  
You can read more about this in our Upside [Terms and Conditions](https://www.upsidesaving.com/terms) and [Privacy Policy](https://www.upsidesaving.com/privacy)