MORE INTEREST. LESS RISK.EXCLUSIVE, BEST-IN-MARKET RATES;1.50% 35 DAY NOTICE ACCOUNT AND 1.40% INSTANT ACCESS ACCOUNT
Flagstone’s simple, secure online platform can provide your charity with access to hundreds of deposit accounts from 28 banks through a single application, empowering you to earn more interest income on funds generated from your donors, and safeguard them from risk, by diversification.
Indicative of the best-in-market rates currently available to our charity clients are a 1.50% 35 Day Notice Account and a 1.40% Instant Access Account. These rates are exclusive to the Flagstone platform. To find out more, watch our short video or get in touch with us on 0203 745 8139.
The minimum deposit required to open a Flagstone platform account is £250,000.PLAY VIDEO
THE BENEFITS FOR YOUR CHARITY
Flagstone’s cash platform enables your charity to earn more interest income by giving you access to market leading interest rates on hundreds of deposit accounts.
Reduce risk through diversification and greater utilisation of FSCS (Financial Services Compensation Scheme) protection.
Sign just one agreement, then manage all your account selection and opening effortlessly online using the Flagstone platform, without any further paperwork.
Peace of mind
Peace of mind
Flagstone is authorised and regulated by the Financial Conduct Authority (FCA). Clients have no credit exposure to Flagstone at any time. All of the UK banks who provide accounts on the platform are regulated by both the FCA and the Prudential Regulation Authority (PRA).
Every account available on the Flagstone platform comes with clear and transparent analysis of the financial strength of the bank providing it, enabling you to easily assess and compare the relative credit strength of each bank before making a selection.
Maintain full control of your money with 24/7 secure online access to your portfolio. The platform will also provide you with a portfolio summary, consolidated monthly statements and an annual interest summary for tax reporting.
HOW THE PLATFORM WORKS
1 Set your Deposit Criteria
Using a simple filter tool, set the criteria for your deposits based on value, account type (instant access, notice and/or term deposits) and your liquidity needs.
3 Clear and transparent analysis
Clear and transparent financial strength analysis is available for each of the banks on the platform. This is distilled down into a simple Financial Strength Score (out of 100) to enable you to make an informed decision.
4 Select and execute
Select the deposit accounts which meet your needs and simply click on them to add them to your portfolio. View the overall interest that will be payable on your portfolio and when you are happy with your selections click to confirm. Flagstone will then execute these deposits.
Rates currently live on the Flagstone platform
11x more income and 100% FSCS protection
The trustees were keen to optimise the charity’s interest income but also reduce its risk exposure.
How Flagstone helped:
Using the Flagstone platform filters to identify the accounts that met the charity’s liquidity needs and the clear and transparent strength analysis (available for every bank on the platform) to ensure that each institution met its requirements, the charity’s Finance Director quickly and efficiently diversified the charity’s deposits across six accounts with six different banks on completion of just one application form. The charity is now generating an additional £6,272 p.a. income and its cash deposits are fully FSCS* protected.
* FSCS protection is £85,000 per depositor per bank. For more information please refer to fscs.org.uk
The minimum deposit required to open a Flagstone platform account is £250,000. Dependent upon the value of the deposit (and whether you are an individual, looking to open a joint account, or acting on behalf of a company or charity), different banks, accounts and rates will be available to you on the platform.
More interest. Less risk.If your charity holds its excess cash in an account earning little or no interest, it’s time for a smarter approach.
If you want to see how much additional interest income you could be earning and how much extra FSCS protection you could benefit from, we can provide you with a bespoke illustration, in line with your liquidity requirements, utilising the rates currently available on the platform.
If you would like more information on how the platform works, one of our team can provide you with an online demonstration, showing you how easy the platform is to use and how much additional income you could be earning - at a time convenient to you.