A friend of mine is selling her house and plans to go into a residential home. Where can she safely put the money bearing in mind the limit the bank can cover Is it £85 K. ?
If she won't need access to the money for the next three years, she might want to consider putting £100k into Green Savings Bonds. It would certainly be safe there:
https://www.nsandi.com/products/green-savings-bonds
I know they are not the best investments but interest rates are jack anyway even if you tie the money up for 3 years. I like the idea of instant access and however small, a chance to win a significant prize. I won £25 on 7 occasions and a £75 on one occasion last year not.
£85K only applies to a single banking group. The money could be split into several banks/building societies after checking they are all separate companies.