How our platform works | Flagstone

How our platform works

As the leading cash deposit platform in the UK, we provide access to market leading interest rates across our banking panel, quickly and easily with just one single application.

Secure, grow and manage your cash - quickly and simply

Become a Flagstone client

Apply online for your single Flagstone account. One single application will provide access to a range of banks and savings accounts, quicky and easy with no need to complete paperwork for multiple banks.

Transfer funds from your bank to your highly-secure Flagstone account (minimum £10K deposit required).

Browse and choose from multiple banks and deposit accounts

Our platform provides online access to a number of accounts from a variety of UK banks, giving you the ability to spread your funds across multiple savings accounts.

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.

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Once your deposits mature, funds are returned to your holding account and then can be withdrawn to your own bank account at any time.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

Grow your money today by spreading your deposits across the banks and accounts that best work for you. All securely managed from the Flagstone platform, with no need to complete several applications even if you place your deposits with several banks or open new accounts.
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Opening your account

The Flagstone platform is available to individual applicants (aged 18 or older) looking to deposit £10K or more.

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, from a variety of fixed-term, instant access and notice 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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Open an account with Flagstone and start growing your money today.

Open an account
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Frequently asked questions

How does the platform work?

Flagstone partners with many banks and building societies meaning you do not have to shop around and spend time completing applications forms for each new account. Your Flagstone account gives you easy access to a choice of savings accounts including exclusive accounts not available elsewhere.

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).

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.

What is 'share of interest'?

There is no fee for using the platform, rather Flagstone receive a share of interest, paid to us by the Bank that you select to deposit with. The share of interest is a portion of the interest accrued in the account but it does not impact the rate you have selected, the interest rates you see are what you will receive.


What do I need to open a Flagstone account?

• 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.
• You may be required to provide copies of proof of ID, proof of address, or proof of source of funds after submitting your application.

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.

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