How our platform works

As the leading cash deposit platform in the UK, we provide your clients with access to greater protection for their money.

Secure, grow and manage your client's cash - quickly and simply

Refer your client to Flagstone

Your client opens their single Flagstone account, supported by our expert and trusted client service team. No need to complete paperwork for multiple banks.

Client transfers funds from their bank to their Flagstone account (minimum £50K deposit required for individuals, £250k for organisations).

You and your client browse and choose from multiple banks and deposit accounts

Our platform provides access to hundreds of accounts from up to 60+ banks – enabling clients to maximise interest and FSCS protection, if eligible.

Your client places their deposits with their selected banks

Your client can meet changing needs, plans and aspirations with complete visibility of their entire portfolio and access to their money.

Your client spreads their deposits, receiving FSCS protection for each account opened with a UK bank

All UK-based banks and building societies on our platform are members of the Financial Service Compensation Scheme. Your clients' eligible deposits are protected up to £85K for each individual bank account opened or £170K for each joint account.

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Your client can withdraw their money from their holding account at at any time

Once your client's deposits mature, funds are returned to their holding account and can then be withdrawn to their own bank account at any time.

Simple cash management

Immediate visibility of your clients' money, plus simple, flexible and fast account management.

Opening an account

The Flagstone platform is available to individual and joint applicants (aged 18 or older) looking to deposit £50K or more. And to companies, charities and trusts (including SIPPs and SSASs) with £250k or more to deposit.

Transferring funds

Once they are set up they transfer funds to their Flagstone holding account.

Multiple accounts

After your client funds their Flagstone holding account, they can browse, open and manage as many savings accounts as they need, including instant access, notice and fixed-term.

Complete control

Your client is in control. They can manage their money - quickly and easily - via our highly secure Flagstone platform. They can place, spread and move their deposits - 24 hours a day, 7 days a week - with no additional applications to complete.

Peace of mind

Complete visibility of all your clients' money. View consolidated information across all of their cash savings accounts, including a single tax certificate at the end of the year. Clients enjoy protection of their money up to FSCS limits of £85K for each UK bank (£170K for joint accounts).

Make your clients' money work harder

Use our cash deposit calculator to see how much interest your clients could be earning, while spreading their deposits to maximise FSCS protection.

Get a personalised illustration

Frequently asked questions

How does the platform work?

Using our platform is simple. The client:

  • Applies for one Flagstone account.
  • Moves funds from their bank to their Flagstone account.
  • Browses and chooses from hundreds of accounts – including exclusive and market-leading rates – on our online platform.
  • Enjoys complete protection for their money – up to FSCS limits.
How are you able to offer competitive rates?

As the UK's leading cash deposit platform, the volume of deposits placed with us, and the relationships developed with our partner banks gives us access to exclusive and market-leading deposit rates for our clients.

How is their money protected?

All UK-based banks and building societies on our platform are members of the Financial Service Compensation Scheme (FSCS). This allows your clients to protect their savings by spreading their cash across several banks or building societies, and receive the FSCS protection of £85K each time (£170K for joint accounts).

All accounts on the Flagstone Platform are “segregated client trust accounts”.  Our clients are individual beneficiaries of this trust for the amount of money they deposit (plus interest).  They are absolutely entitled to this money.  As an individual beneficiary, a client’s money is eligible for FSCS protection, provided that the client is eligible.  In the unlikely event that there is an issue with one of our partner banks, Flagstone would carry out the FSCS claim on behalf of its clients.

Will I receive tax return statements?

Our platform provides immediate visibility of all your clients' money, including consolidated information across all of their cash deposit accounts, and a single tax certificate at the end of the year.

What are your fees?

For individual clients, there are no admin or management fees to pay.

Rather than drain your savings with high fees, we use a ‘share of interest’ model instead. That means we take a small cut of our partner banks’ interest rates – up to 0.30%.

We deduct this before any rates appear on our platform – so the rate you see will always be the rate you receive.

For business and charity clients, there is an annual management fee of between 0.15% p.a. and 0.25% p.a. depending on the value of deposits you hold on our platform.

For deposits of £250k or more, a one time setup fee of £500 will be payable and automatically taken from your initial deposit. For US Dollar accounts this fee is $500 and for Euro Accounts it is €500. This admin fee applies to all company, charity and trust clients.

Peace of mind

FSCS protection

All UK-based banks and building societies on our platform are members of the Financial Service Compensation Scheme. Your clients' eligible deposits are protected up to £85,000 for each account (or £170,000 for each joint account) opened with a different UK bank.

More info

Industry-leading security

All communications with Flagstone’s website are sent over SSL/TLS connections. Secure Sockets Layer (SSL) and Transport Layer Security (TLS) technology protect communications by using both server authentication and data encryption. This ensures that your clients' data is always safe and secure.

Join a network of leading referrers

With Flagstone, your clients can spread their cash across up to 60+ banks in one simple portfolio.

We are trusted by leading Wealth Managers, including St. James’s Place, Evelyn Partners, and Quilter Group, plus many of the UK’s leading banks and building societies.

Join Flagstone and protect the art of the possible.

Become a referrer