Whether you are a Corporate entity, a Charity, a Local Authority, an Endowment or a High Net Worth individual, our solution can be fully tailored to your specific requirements for both on-shore and off-shore multi-currency cash deposits. One simple agreement with Flagstone gives you the ability to automatically place deposits with a wide range
of counterparty banking institutions without the requirement to complete time consuming documentation with each one.
Build your deposit portfolio based on your specific return, risk and liquidity requirements and then let Flagstone take care of the execution for you.
Your cash is always held in segregated accounts and you maintain beneficial ownership at all times with zero credit exposure to anyone other than the specific banks you choose.
Relevant risk information is provided on each bank in a convenient format so you can make your own assessment of the relative risks and returns of deposits with different banks.
Set your unique liquidity needs, risk profile and currency preferences.
Browse accounts in Sterling, Euros and USD, from a range of our banking partners that match your investment criteria.
View risk information on each of our banking partners in a convenient format that shows the unit of return per unit of risk on any specific deposit.
Manage your bespoke investment criteria to filter the relevant deposit accounts.
Highlight the deposit accounts you want and click to place them into your portfolio. When you are happy with your selections, click to confirm and Flagstone will automatically execute on your behalf.
View all your deposits at a glance with 24/7 secure online access.
The following case studies are based on real client scenarios. Names have been changed for confidentiality purposes.
Client profile: Mark is the Finance Director at a manufacturing business.
Deposit size: £400k
Challenge: Mark’s company had £400k saved in an instant access account at a high street building society. When he opened the account he was given an attractive interest rate of 1.75%. However, when a recent interest statement arrived showing interest earnings far below his expectation, he discovered that the rate had dropped to 0.25% almost 12 months prior.
How Flagstone helped: Mark discovered several attractive rates through Flagstone and opted to spread the company’s £400k across three accounts to reduce the firm’s risk exposure at the same time as maximising its interest earning potential. The blended rate across the three accounts, net of fees, was 1.67%.
Client profile: Rakesh is the CFO at a publicly-listed company.
Deposit size: £15m
Challenge: Rakesh came to Flagstone with two main concerns. Firstly, some of the company’s cash on balance was held in a Euro account at a bank that was charging the company to hold the funds through a negative interest rate. Secondly, the company kept £12m in a Sterling account earning zero interest. Rakesh was also keen to maintain liquidity and ensure the company’s funds were not locked up for the long term.
How Flagstone helped: Rakesh signed up with Flagstone to take advantage of more appealing options from two of our A-Rated banking partners. The first was a 90-day notice Euro deposit account paying 0.5% to which he transferred 1.5m. The second, a 31-day notice Sterling account paying 1% interest in which he deposited £12m.
Client profile: Deborah was the CEO of a successful accountancy software company and sold her business for several million pounds.
Deposit size: £34 million
Challenge: When Deborah sold her company, her bank at the time offered just 0.25% on the funds from the sale. Unsurprisingly, she was unimpressed by this rate and was also concerned about the risk she would be taking in leaving this lump sum in just one account.
How Flagstone helped: Deborah signed up with Flagstone and transferred the £34 million into the new hub account we set up for her within 24 hours. She then used the Flagstone platform to select nine banks with which to deposit her money. All nine accounts were opened and active within three days of her instruction with no further paperwork required on her part. Net of fees, her weighted yield across the nine accounts was 1.10%.