Our best accounts for £50,000
Spread your savings between account types to balance earnings with access to your cash.
We update this table daily, so rates and banks may change. We’ve already deducted our share of the interest from these rates.
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Paying your interest
For Fixed Rate, (also called ‘Fixed Term’), Instant Access, and Notice accounts, interest is calculated daily. But when interest is applied and paid will vary by the savings accounts you choose to open.
You’ll find more information in the terms and conditions of each savings account when you log in to the platform.
Make plans and earn interest on £50,000
Save for a big occasion, give your family a head start, or take your time. Flagstone keeps your cash earning while you decide.
Fixed Rate accounts
Lock in competitive rates for some of your deposit
Reserve new accounts to easily switch rates
Terms from one month to 12 years
Joint accounts
Save together with joint access
Up to £240,000 FSCS protection (£120,000 per account holder)
250+ savings accounts from 65+ banks, with one login
Cash ISA
Spread your ISA allowance between tax-free accounts
Transfer existing ISAs to Flagstone
No withdrawal limits
How Rachel grew her funds with Flagstone
After selling her business, Rachel maximised the interest on her proceeds with multiple account types. All through Flagstone.
Since publishing this video, the FSCS protection limit has increased to £120,000 per client, per banking group.
Why open high-interest savings accounts with Flagstone?
Convenient
One sign-up, one platform. No more applications.
Rewarding
We're committed to offering interest rates that beat the high street.
Secure
Get FSCS protection on eligible deposits, up to £120,000 per client, per banking group.
Versatile
Open multiple account types to balance high interest with access to your cash.
How Flagstone
makes money
For each account you open with our bank partners through Flagstone, we receive a small share of the interest. We deduct that share before we feature any account in our platform – so the rate you see will always be the rate you receive.
We don’t charge admin, management, or platform fees.
Frequently asked questions about our best savings accounts for £50,000
What is the best savings account for £50,000?
A £50,000 lump sum gives you options, depending on what you're looking to achieve.
Some high-interest accounts require higher minimum deposits, so £50,000 could open up a wider range of rates.
But you could earn more interest by locking some of your money away for longer, while keeping a blend of Notice accounts and Instant Access accounts to cover your short-term needs.
Do I pay tax on interest from £50,000?
Whether you pay tax on the interest you earn depends on a range of factors, such as whether you use Individual Savings Accounts (ISAs) and your Income Tax bracket. The Personal Savings Allowance (PSA) lets you earn some interest tax-free, provided you're not an additional rate taxpayer.
Basic rate taxpayers get a £1,000 tax-free PSA each year, while higher rate taxpayers get £500.
So, if the interest you earn on £50,000 is less than your PSA, you won't owe tax on it. If it's over your PSA, you'll pay tax on the excess at your usual Income Tax rate.
Will my £50,000 be protected under the FSCS?
The Financial Services Compensation Scheme (FSCS) protects eligible cash deposits up to £120,000 per client, per banking group.
Long-term compound interest, topping up your savings, or receiving another lump sum could take you over the FSCS limit. This is why some savers with larger deposits use savings platforms like Flagstone, spreading their cash across multiple banks to stay within protection limits.
While our FSCS tracker shows how the scheme protects your deposits in Flagstone, it can't include any savings you have outside of our savings platform. If you hold deposits elsewhere, this may affect your overall FSCS protection.
Should I split £50,000 across more than one bank?
£50,000 sits comfortably within the protection limit, so you don't need to split it for safety. But spreading your deposit across accounts from different banks could help you secure better rates when they become available, or balance easy access with higher earnings.
Savings platforms like Flagstone let you divide your cash across high-interest savings accounts from 65+ banks, all in one place.
Evolve your savings style
Discover other ways to save with Flagstone.
We’re at your service
Still need answers? Whether you’ve opened your Flagstone account or you’re just getting started, we’re here to help.
Call us on +44 (0)203 745 8130, Monday-Friday 9am-5.30pm.