Flagstone Welcomes 42nd Bank Onto The Platform

Flagstone Welcomes 42nd Bank Onto The Platform

HSBC (Jersey), Charity Bank and the State Bank of India have joined the Flagstone cash platform, providing even greater choice to clients.

We are delighted to announce that HSBC (Jersey), The Charity Bank and the State Bank of India have joined the Flagstone cash platform, increasing the choice of rates available to our personal, corporate and charity clients who can compare and open accounts at the click of a button.

Clients can now access market-leading and exclusive interest rates from a panel of 42 banks and building societies. Instant access, notice and fixed term deposit accounts in sterling, US Dollars and Euros can be opened and funded in just a matter of clicks.

Thanks to the number of UK banks and building societies available to Flagstone clients, it is possible to achieve exceptional diversification; with individual clients able to benefit from full FSCS (Financial Services Compensation Scheme) protection on up to £2.12 million (earning a blended interest rate of 1.12% net of fees), and joint account holders able to hold up to £3.84 million fully FSCS protected (earning a blended interest rate of 1.17% net of fees) in accounts on the platform.

The opportunity to earn more interest income, coupled with reduced risk, is a strong incentive for customers to move their savings from low-interest accounts with their existing providers to the Flagstone platform where they can take control of their money.

Flagstone customers value the flexibility and transparency of the platform which allows them to easily identify the accounts that best meet their requirements.

Rates currently available on the platform include:

  • 1.42% AER/Gross instant access account for individual clients1
  • 1.80% AER/Gross 95 day notice account for individuals, businesses & charities1
  • 1.85% AER/Gross for 18 month fixed term deposit account for individuals & businesses1

To learn more about Flagstone, and how the platform can support you and your plans for the future, please watch this short video and click here to open an account.


1 Correct as at 30th January 2020

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