Revolutionising the deposit market

Empowering your clients to earn more interest and reduce risk.

A secure online platform

A secure online platform

Flagstone's platform enables you to increase the interest income your clients earn on their cash - typically by between two and nine times – and simultaneously reduce risk through diversification.

Providing your clients with access to market-leading and exclusive rates

Providing your clients with access to market-leading and exclusive rates

The platform gives your clients access to market-leading and exclusive deposit rates, and the opportunity to open multiple accounts with just a few mouse clicks on completion of a single application. Clients typically increase the interest paid on their cash deposits by between two and nine times.

Simple and efficient

Simple and efficient

  • Clients can easily identify the accounts which meet their requirements.

  • Clients can open and fund multiple accounts in a matter of clicks.

  • Just one application – All deposit account opening is paperless after the initial set up.

  • 24/7 visibility of all accounts, accrued interest, consolidated monthly year-end statements.

Banks which provide accounts on the Flagstone platform

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Rates currently live on the Flagstone platform

1.50%

Instant Access Account for Private Clients

Your money is
protected by the FSCS

1.80%

95 Day Notice Account for Private, Charity & Corporate Clients

Your money is
protected by the FSCS

1.65%

6 Month Fixed Term Deposit for Private & Corporate Clients

Your money is
protected by the FSCS

1.95%

1 Year Fixed Term Deposit Account for Charity & Corporate Clients

Your money is
protected by the FSCS

2.20%

2 Year Fixed Term Deposit Account for Private & Corporate Clients

Your money is
protected by the FSCS

2.25%

3 Year Fixed Term Deposit Account for Private & Corporate Clients

Your money is
protected by the FSCS

The benefits

Better returns

Better returns

On average Flagstone clients increase the interest they earn on their cash deposits by between two and nine times.

Offset your fees

Offset your fees

By helping your clients to increase the interest income on cash in their portfolio, you can offset your overall advice fee.

Say goodbye to paperwork

Say goodbye to paperwork

Deposit account opening is paperless after the initial set up.

Acquire and retain clients

Acquire and retain clients

Flagstone's cash platform can open doors with new clients and consolidate your relationships with existing clients.

No more waiting around

No more waiting around

Account opening turnaround times are typically 2 days, so your clients can earn interest more quickly.

Clear and comprehensive account options and bank analysis

Clear and comprehensive account options and bank analysis

You can match accounts to your clients’ unique deposit criteria.

Free of charge

Free of charge

Flagstone is free for wealth advisers to use with no limit on how many clients you add.

Add value to your proposition

Add value to your proposition

The Flagstone platform provides you with additional insight into your clients' investible assets, enabling you to deliver a more comprehensive value proposition.

Access comprehensive reporting

Access comprehensive reporting

Secure 24/7 access to detailed records and reporting on all deposits, so you can easily pull up a report on each client’s portfolio.

How the platform works

  1. Set the deposit criteria
  2. Browse accounts
  3. Transparent analysis
  4. Select and execute
  5. Reporting

1Set your Deposit Criteria

Using a simple filter tool, set the criteria for your deposits based on value, account type (instant access, notice and/or term deposits) and your liquidity needs.

2Browse accounts

Review all the accounts that meet your criteria.

3Clear and transparent analysis

Clear and transparent financial strength analysis is available for each of the banks on the platform. This is distilled down into a simple Financial Strength Score (out of 100) to enable you to make an informed decision.

4Select and execute

Select the deposit accounts which meet your needs and simply click on them to add them to your portfolio. View the overall interest that will be payable on your portfolio and when you are happy with your selections click to confirm. Flagstone will then execute these deposits.

5Reporting

View all your deposits at a glance with 24/7 secure online access. You will receive consolidated monthly statements and an annual summary for tax reporting.

  • £850,000 FROM THE SALE OF A BUY-TO-LET PROPERTY
    £12,151 MORE INCOME PER ANNUM AND 100% FSCS PROTECTION
  • A COUPLE WITH LIFE SAVINGS OF £340,000
    8x more income and 100% FSCS protection

£12,151 more income per annum and 100% FSCS protection

Deborah was holding the proceeds of the sale of her buy-to-let property of £850,000 in a deposit account with the same bank as her current account.

She was earning minimal interest, and by having all of the proceeds with one bank, 90% of this money was outside of FSCS protection. However, she was concerned about the amount of time it would take to research the best rates, and the hassle of opening accounts with many different banks, only having to repeat the exercise if rates fell or more attractive rates became available elsewhere.

How Flagstone helped: On completion of just one application, Deborah was able to quickly and simply deposit the proceeds into 10 accounts that met her liquidity requirements with 10 different banks, in just a few clicks. These accounts generated an additional £12,151 in interest income than she was previously getting from her high street bank. Moreover, 100% of Deborah’s money now benefited from FSCS* protection.

* FSCS protection is £85,000 per depositor (£170,000 for joint accounts) per bank. For more information go to fscs.org.uk

The minimum deposit required to open a Flagstone platform account is £250,000. Dependent upon the value of the deposit (and whether you are an individual, looking to open a joint account, or acting on behalf of a company or charity), different banks, accounts and rates will be available to you on the platform.

8x more income and 100% FSCS protection

Mr and Mrs R-T held their £340,000 savings with the same bank as their current accounts.

They'd been unhappy with the interest they were earning for some time but suspected that securing better rates with other banks would be a long drawn out process involving researching best-buy tables, form filling and administrative hassle, only to have to repeat the exercise if the rate fell or more attractive rates became available elsewhere.

How Flagstone helped: The Flagstone platform provided an ideal solution, giving the couple access to hundreds of deposit accounts offering market-leading and exclusive rates from more that 20 different UK banks. On completion of their application Mr and Mrs R-T's Flagstone Hub Account was opened within 48 hours. They then deposited their savings into two instant access accounts, which now generate 8x more interest income annually than they had previously been getting. Moreover, every penny is now protected by the FSCS (Financial Services Compensation Scheme)*, whereas previously £170,000 of their savings wouldn't have benefited from that cover.

* FSCS protection is £85,000 per depositor (£170,000 for joint accounts) per bank. For more information go to fscs.org.uk

The minimum deposit required to open a Flagstone platform account is £250,000. Dependent upon the value of the deposit (and whether you are an individual, looking to open a joint account, or acting on behalf of a company or charity), different banks, accounts and rates will be available to you on the platform.

More interest. Less risk.

If you have private, corporate or charity clients - or prospective clients - with cash held in accounts earning little or no interest, then utilising the Flagstone platform could help you quickly and easily realise better returns for them.

Flagstone’s cash platform gives your clients access to market-leading and exclusive rates, and the opportunity to open multiple deposit accounts with just a few mouse clicks, empowering them to earn more interest income and minimise risk through greater diversification and utilization of FSCS deposit protection. Clients typically increase the interest paid on their cash deposits by between two and nine times.

Award Shortlisted

Flagstone shortlisted for MoneyAge Innovation in Consumer Finance Award 2018

Flagstone has been shortlisted for the Money Age Innovation in Consumer Finance Award 2018, acknowledging the company's innovative use of technology to deliver excellent consumer outcomes and customer experience in the cash deposit market. Flagstone’s simple, secure online platform is empowering its clients to earn more interest income, reduce risk and eliminate hassle, by providing them with access to hundreds of deposit rates from 25 banks at the click of a button.

Download This Week's Rates Sheet

View a table of the best rates available on the Flagstone platform for the most popular term and notice accounts, across all client types.

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