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% FSCS protection
The charity was holding £510,000 with a single bank earning 0.10%. 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 its cash reserves are benefitting from £425,000 of additional Financial Services Compensation Scheme (FSCS) protection.