Cash Deposit Accounts For Charities
Simplify Cash Deposits For Your Charity
We understand that it can be difficult to build and manage cash reserves for charities.
Flagstone provides charities with a digital cash deposit solution to access multiple deposit accounts, easily and efficiently.
With market-leading interest rates from over 30 banks, your charity can earn more interest income and ensure its cash reserves are better protected.
Trusted and convenient cash solution for charities
Market leading rates
Simplify cash deposits
Protect your cash reserves
Charity client case study
8x more income
100% eligibility for FSCS protection
The charity was holding £340,000 with a single bank earning 0.05%. The trustees were keen to generate more income for the charity from its cash reserves and to safeguard the funds by minimising the risk exposure.
The charity's Finance Director used Flagstone to select deposit accounts that met the charity's liquidity needs. In just a few clicks they diversified the charity's deposits across six accounts with six different banks.
The charity is now generating 8x more income net of fees and 100% of its cash reserves are eligible for Financial Services Compensation Scheme (FSCS) protection.
Frequently Asked Questions
Who can open a Flagstone account?
The Flagstone platform is available to individual and joint applicants who are resident in the UK and 18 years of age or older. Accounts are also available to UK-registered companies, charities and trusts (including SIPPs and SSASs). The minimum amount required to open a Flagstone account is currently £50,000 for individual and joint applicants, and £250,000 for companies, charities and trusts.
What's the most and least I can save with Flagstone?
The minimum deposit required to open a Flagstone account is currently £50,000 for individual and joint applicants, and £250,000 for companies, charities and trusts.
There is no maximum limit to the amount that you can deposit in your Flagstone account.
How long does it take to open a Flagstone account?
For business accounts, once your application form and the required supporting documents have been received and processed, your Flagstone account should be ready within two hours.