Partnering with more than 45+ banks and building societies, Flagstone gives you access to more than 200 deposit accounts through a single application.

Using Flagstone's secure online platform, you can quickly and easily diversify your deposits with different UK banks and building societies to increase the total value of those deposits that are eligible for FSCS protection.

Ongoing access to exclusive and market-leading interest rates empowers you to maximise the interest income from your cash.

Due to the volume of deposits we intermediate and through the relationships we have developed with our partner banks, we are able to access exclusive and competitive deposit rates for Flagstone clients.

There is an annual management fee of between 0.15% p.a. and 0.25% p.a. depending on the value of deposits you
hold on our platform.

For deposits of £250k or more, a one time setup fee of £500 will be payable and automatically taken from your initial deposit. For US Dollar accounts this fee is $500 and for Euro Accounts it is €500. This admin fee applies to all Individual, Joint, company, charity and trust clients.

No Administration fee is charged for deposits between £50,000 to £249,999.

When you transfer money to your Flagstone account, it is deposited into a ‘holding account’ provided by HSBC Bank plc. The holding account is a segregated trust account set up to receive and hold funds before they are sent on to a deposit account. When a deposit account matures or a request for the return of instant access or notice account deposits is made, the funds are returned to the holding account.

No, using the online Flagstone platform you have full control of which banks you choose to deposit your money with and which accounts you open.

Through a single Flagstone account, you can use our secure online platform to open as many deposit accounts with as many different banks as you require, in just a matter of clicks.

You can complete all these transactions via our online and secure platform 24/7, without any further paperwork.

Flagstone gives you visibility of every pound earned and the simplicity of consolidated reporting.

Once you have a Flagstone account, you will have 24/7 access to consolidated statements for all your deposit accounts for any period of time, available to view and download via the platform.

At the end of each tax year, Flagstone will provide you with a summary of interest earned.

We will keep you informed by email of new banks, products and rates available on the platform.

Ensuring the funds belonging to our clients are secure is our number one priority. As a company authorised and regulated by the Financial Conduct Authority (FCA), we are required to hold appropriate levels of regulatory capital and generally organise and manage our business to the high standards set by the FCA.

Flagstone partners with top tier technology providers and security experts to ensure the end to end security. We employ practices and techniques to keep our platform up to date with the ever-changing security landscape and to provide a secure platform to our clients.

Flagstone has adopted internal systems and controls designed to protect client funds from the risk of fraud. These include relevant IT controls, appropriate segregation of duties, restricted access rights and signature protocols.

Importantly, Flagstone does not allow any third-party payments and will only ever authorise payments from a client’s Flagstone holding account to their nominated account.

Ensuring the funds belonging to our clients are secure is our number one priority. As a company authorised and regulated by the Financial Conduct Authority (FCA), we are required to hold appropriate levels of regulatory capital and generally organise and manage our business to the high standards set by the FCA.

Flagstone partners with top tier technology providers and security experts to ensure the end to end security. We employ practices and techniques to keep our platform up to date with the ever-changing security landscape and to provide a secure platform to our clients.

Flagstone has adopted internal systems and controls designed to protect client funds from the risk of fraud. These include relevant IT controls, appropriate segregation of duties, restricted access rights and signature protocols.

Importantly, Flagstone does not allow any third-party payments and will only ever authorise payments from a client’s Flagstone holding account to their nominated account.

Yes. In the event that one of the banks on the platform, or the holding account bank (HSBC), were to go into administration, assuming the bank in question was a member of the Financial Services Compensation Scheme (FSCS), then our client (if eligible) would have a single claim under the FSCS limited to the deposit compensation limit of £85,000.¹

¹FSCS deposit protection is £85,000 per depositor (£170,000 for joint accounts) per bank. For more information please refer to https://www.fscs.org.uk

Flagstone implements safeguarding measures to protect customer funds.

All funds held by Flagstone on behalf of clients are separated from Flagstone’s own funds and only held in designated trust accounts.

Furthermore, each client’s individual deposits are held against a unique alphanumeric reference number.

Were Flagstone to be placed in administration or wound up, clients retain full beneficial ownership of their funds at all times and as such these will be paid back to the client by the administrator. Clients have no credit exposure to Flagstone.

The Flagstone platform is available to individual and joint applicants who are resident in the UK and 18 years of age or older. Accounts are also available to UK-registered companies, charities and trusts (including SIPPs and SSASs). The minimum amount required to open a Flagstone account is currently £50,000 for individual and joint applicants, and £250,000 for companies, charities and trusts.