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
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, £1 million for organisations).
Our platform provides access to hundreds of accounts from up to 45+ banks – enabling you to maximise interest and FSCS protection, if eligible.
Meet changing needs, plans and aspirations with complete visibility of your entire portfolio.
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.
Once your deposits mature, funds are returned to your holding account and then can be withdrawn to your own bank account at any time.
Your money, your way
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 £1 million or more to deposit.
- Basic personal details including employment status and address history.
- Tax status including National Insurance number or your Tax Identification number (TIN) where relevant.
- Information about the source of funds you wish to deposit.
- Details of a UK mainland bank account ('nominated account') you wish to deposit from and have funds returned to.
- For joint applications, you must have the permission of the second applicant to provide us with their information.
- You may be required to provide copies of proof of ID, proof of address, or proof of source of funds after submitting your application.
Transferring funds
Once set up, simply transfer funds to your Flagstone holding account.
Your holding account is set up to receive and hold your funds before they are transferred to deposit accounts. Your holding account acts as the account to which all monies (principal and interest) are returned at the maturity of a fixed term deposit account, or when an instant access account or notice account is closed. Once the matured funds are deposited in your holding account, you may then withdraw them to your nominated account, or place them in another deposit account of your choosing.
The holding account will be provided by Barclays or HSBC.
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.
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).
If you hold an eligible deposit with a UK-authorised bank or building society that fails, the FSCS will automatically compensate you.
More infoMake your money work harder
Use our cash deposit calculator to see how much interest you could be earning, while spreading your deposits to maximise FSCS protection.
Frequently asked questions
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.
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.
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).
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.
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.
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 Individual, Joint, company, charity and trust clients.
No Administration fee is charged for deposits between £50,000 to £249,999.
Peace of mind
FSCS protection
Industry-leading security
Ready to get started?
We are trusted by leading Wealth Managers, including St. James’s Place, Evelyn Partners, Quilter Group and Coutts, plus many of the UK’s leading banks and building societies.
Join Flagstone and protect the art of the possible.