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Eligible deposits with UK institutions are protected by the Financial Services Compensation Scheme up to a maximum level of protection of £85,000 per person per institution.
Money held in a business bond may fall under the protection of the Financial Services Compensation Scheme.
A "Small Business" will be protected by the Financial Services Compensation Scheme if it meets two of the following:
Larger businesses will not be covered by the scheme.
The Financial Services Compensation Scheme protects the first £75,000 an eligible business has held under a single UK banking licence.
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