Flagstone, the UK’s leading Cash Deposit Platform has today announced that it will reduce its minimum deposit requirement for direct individual clients to £50,000.
Previously direct clients required a deposit £250,000, but now individuals and joint account holders with a lower deposit can benefit. The platform provides clients with access to hundreds of accounts from a panel of up to 50 banks and building societies, all accessed through one application.
Andrew Thatcher, Executive Director and Co-Founder at Flagstone commented, “At Flagstone we are constantly looking to improve our product for our clients as well as enabling more people to benefit. Being able to easily access a variety of different savings products quickly and easily across a number of banks and building societies means individuals can maximise the value of their savings and react to changing needs. We have seen a rising popularity for cash management services as individuals realise the lost opportunity from keeping money in low or 0% interest accounts. Inertia is our biggest challenge but through one application process our clients need never apply for another savings account again.”
Flagstone’s cash deposit platform provides products for: individuals, charities, businesses as well as SIPPS & SSAS. The change in minimum deposit to £50,000 impacts individual and joint account applications only.
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* Correct as at Wednesday, 11 August. Specific deposit account availability is subject to terms and conditions and may vary based on certain client factors.
Flagstone is the UK’s market-leading cash deposit platform with around £10bn in client assets deposited to date.
Following a single application, we offer companies, charities and individuals access to hundreds of accounts from up to 50 banks – including high street names and challenger banks. We also work with many of the UK’s top financial advisers.
As an award-winning fintech, our technology gives clients access to market-leading and exclusive rates – enabling them to earn more interest and potentially receive greater protection for their money.
Flagstone Investment Management is authorised by the Financial Conduct Authority (reference number 605504) under the Payment Service Regulations 2017 for the provision of payment services.