Terms and Conditions: Share of Interest Waiver Promotion

Effective Date: 01/09/2025

For each savings account you open through Flagstone, we receive a small share of the interest.

We deduct that share before we feature any savings account in our platform – so the rate you see will always be the rate you receive.

As part of this promotion, Flagstone has agreed to waive our share of interest on specific savings account products opened by new clients for a certain period of time. 

For further details, please see Our Fees | Savings platform for high interest accounts

1. Introduction
   
   
   1. These terms and conditions govern Flagstone’s Share of Interest Waiver Promotion (the "Share of Interest Waiver Promotion"), which is where Flagstone has agreed to waive our share of interest on specific savings account products opened by new clients for a certain period of time. 
      
      
   2. Flagstone Group Ltd ("Flagstone," "we," "us," "our"), a cash savings platform, manages the Share of Interest Waiver Promotion. 
      
      
   3. By participating in the Share of Interest Waiver Promotion, you agree to these terms. 
      
      
   4. The promotion applies only to specific promotional fixed term savings accounts (minimum term three (3) months) as detailed on our platform. 
      
      
   5. Your initial deposit amount is determined in accordance with the Deposit Product that you choose. 
      
      
   6. Once you have opened a savings account, Flagstones Terms and Conditions, Engagement Letter and any deposit product terms and conditions shall apply. 
      
      
2. Eligibility criteria 
   
   
   1. To qualify for the Share of Interest Waiver Promotion, you must not be a current Flagstone client unless: 
      
      
      1. you are a joint account holder who opens a new joint account with a client that is not a Flagstone client; or  
         
         
      2. you are a joint account holder who opens a new single account. 
         
         
   2. You must apply to open a promotional fixed term savings account, which includes completing the account verification process, including identity verification and compliance checks, within the promotional period set out in the relevant product banner. 
      
      
   3. You have three (3) months to fund the promotional fixed term savings accounts from the date you opened your account. 
      
      
   4. Flagstone reserves the right to communicate any updates to eligibility criteria for future promotions via official communication channels. 
      
      
3. Promotion details
   
   
   1. The Share of Interest Waiver Promotion will be available for the time period specified in the relevant promotional fixed term savings account product banner. 
      
      
   2. Subject to these terms, any funds placed before or after this period will not be eligible. 
      
      
   3. Flagstone reserves the right to modify, suspend, or terminate the promotion at any time.  However, participants who have already qualified for the promotion will still receive it.  
      
      
4. Restrictions & exclusions
   
   
   1. The Share of Interest Waiver Promotion is void where prohibited by law and can’t be used in jurisdictions where such promotions are restricted. 
      
      
   2. Flagstone reserves the right to remove participants from the promotion if we suspect abuse or fraudulent activity. 
      
      
   3. The promotion cannot be retroactively applied to previous or existing Flagstone applications.  This promotion may be withdrawn at any time. 
      
      
   4. Participation in this programme is subject to all applicable laws and regulations, including regulatory compliance requirements. Flagstone reserves the right to report any suspected misuse to relevant authorities. 
      
      
5. Data protection & privacy
   
   
   1. Flagstone will process participant data in accordance with our Privacy Notice and applicable data protection laws, including GDPR.  
      
      
   2. Flagstone will not use participant personal data for marketing purposes without first obtaining your consent. 
      
      
6. Tax & liability
   
   
   1. Flagstone does not provide tax advice. 
      
      
   2. Flagstone accepts no liability for any tax obligations or costs arising from participation in the Share of Interest Waiver Promotion. 
      
      
   3. Flagstone is not responsible for delays, lost promotional rates due to incorrect information, or technical failures. 
      
      
7. General terms
    
   1. Flagstone reserves the right to amend these terms and conditions at any time. 
      
      
   2. The decision of Flagstone regarding all matters related to the Share of Interest Waiver Promotion is final. 
      
      
   3. Any disputes will be governed by English law and subject to the exclusive jurisdiction of English courts. 
      
      
   4. Flagstone reserves the right to withhold or cancel the Share of Interest Waiver Promotion in cases where eligibility criteria has not been met, or fraudulent activity is suspected. 
      
      
8. Closing the account
   

   
   Your statutory cancellation right means you can cancel this agreement within 14 days of entering into it. You don’t have to give a reason. You just need to close the account on our website. You can also close the account at any time without charge. We'll transfer any funds held in it (including interest) to you.  

9. Contact information
   
   For any questions, please contact clientservices@flagstoneim.com with “Share of Interest Waiver Promotion” in the subject line. 
   
   

Frequently asked questions