Flagstone reduces their minimum deposit to £50K for referred individual clients.
- Flagstone will reduce its minimum deposit requirement for referred individual clients to £50K.
- Clients* can access hundreds of accounts from over 50 banks and building societies, with one application.
- Clients* can currently benefit from 40 exclusive products accessible only via the UK’s leading cash deposit platform. Just four examples currently include exclusive products offering market-leading rates for instant access deposits (0.80%), 35-day notice account deposits
(0.90%), 95-day notice account deposits (1.05%) and six-month fixed term deposits (1.05%).
Flagstone, the UK’s leading Cash Deposit Platform, has announced that it has reduced its minimum deposit requirement for referred individual clients to £50K (previously the minimum deposit was £250K). Increasing its ability to support advisers in improving their awareness of their clients’ holistic
wealth, and in acquiring new clients.
The platform provides users with access to hundreds of accounts from more than 50 partner banks and building societies, all accessed through one simple application. Flagstone is partnering with a rapidly growing number of the UK’s Wealth Management and Financial Planning firms of all sizes to
get more of the UK’s cash protected by the FSCS scheme and ensure easy access to a wide range of deposit accounts.
Simon Merchant, CEO and Co-Founder at Flagstone commented:
“At Flagstone we have a track record of working with the leading UK wealth management firms. Our partners tell us that having a trusted cash solution supports them in acquiring new, high-value clients by offering the opportunity of greater protection for their savings, through the FSCS scheme, early in the client journey. And once in place, it allows better oversight of overall wealth and ensures seamless transfer from cash to investment assets.”
“A third of adults in the UK with £50K held in cash receive financial advice1 and we are always looking to better meet our partners’ needs and work with Adviser firms of all sizes. We thank our existing partners for their support and will continue to improve the market-leading proposition we are so proud of.”
Flagstone’s cash deposit platform provides products for: individuals and joint applicants, charities and businesses, as well as SIPPs, SSAS. The change in minimum deposit to £50K impacts individual and joint account applications only.
To start referring clients to Flagstone and earn commission for each successful applicant, visit our partner pages.
Flagstone is the UK’s market-leading cash deposit platform with around £8bn in client assets deposited to date.
Following a single application, we offer companies, charities and individuals access2 to hundreds of accounts from over 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.
1 CEBR report – The UK’s cash deposit market and its subgroups (2019)
2 Specific deposit account availability is subject to terms and conditions and may vary based on certain client factors.
Nicola Wallace, Head of Brand Marketing and Partnerships