How our platform works | Flagstone

How our platform works

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

Secure, grow and manage your cash - quickly and simply

Become a Flagstone client

Apply online for your single Flagstone account, supported by our expert and trusted client service team. No need to complete paperwork for multiple banks.

Transfer funds from your bank to your Flagstone account (minimum £50K deposit required for individuals, £250K for organisations).

Browse and choose from multiple banks and deposit accounts

Our platform provides access to hundreds of accounts from up to 50+ banks – enabling you to maximise interest and FSCS protection, if eligible.

Place and move your deposits between your selected banks

Meet changing needs, plans and aspirations with complete visibility of your entire portfolio.

Spread your deposits and receive FSCS protection for each UK bank account opened

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

Withdraw money from your holding account at any time

Once your deposits mature, funds are returned to your holding account and then can be withdrawn to your own bank account at any time.

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Your money, your way

Complete control over your portfolio and immediate visibility of all your money. Move, place or spread your deposits, 24 hours a day, 7 days a week.
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Opening your 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 set up, simply transfer funds to your Flagstone holding account.

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Multiple accounts

After funding your Flagstone holding account, browse, open and manage as many savings accounts as you need, including instant access, notice and fixed-term accounts.

Complete control

You are in control. Manage your money - quickly and easily - via our highly secure Flagstone platform. Move, place or spread your deposits - 24 hours a day, 7 days a week - with no additional applications to complete.

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Peace of mind

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

Make your money work harder

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

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Frequently asked questions

How does the platform work?

Using our platform is simple.

  • Apply for one Flagstone account.
  • Move funds from your bank to your Flagstone account.
  • Browse and choose from hundreds of accounts – including exclusive and market-leading rates – on our online platform.
  • Enjoy complete protection for your 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 my money protected?

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

Will I receive tax return statements?

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

What are your fees?

A one-off fee is charged to set-up a new client on the Flagstone platform. For individual and joint applicants depositing between £50,000 and £249,999 on the platform, this Administration Fee is £150.

For individual and joint applicants depositing £250,000 or more on the platform, and for companies, charities and trusts (which require a minimum deposit of £250,000 to open a platform account) the administration fee is £500. For US Dollar accounts this fee is $500 and for Euro Accounts it is €500.

There is also 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.

Peace of mind

FSCS protection

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

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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 data is always safe and secure.

Ready to get started?

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

Join Flagstone and protect the art of the possible.

Open an account