FSCS protection eligibility
All UK based banks and building societies on our platform are members of the Financial Service Compensation Scheme (FSCS).
In the event that one of the UK based banks and building societies on the platform were to go into administration then our client (if eligible) would have a single claim under the FSCS limited to the deposit compensation limit of £85,000 per depositor (£170,000 for joint accounts) per UK bank.
The FSCS protects certain qualifying temporary high balances up to £1 million for six months from when the amount was first deposited.
You do not need to do anything – the FSCS will compensate you automatically.
For more information, please refer to the FSCS website.
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We’ve already deducted our share of the interest from the rates in this illustration.
The interest rates shown in this illustration are based on savings accounts from our partner banks. Rates shown are representative and updated every working day for illustration purposes. Interest rates on our platform change daily and can go up or down. You can browse all the current interest rates via your Flagstone account.
All UK-based banks and building societies on our platform are members of the Financial Services Compensation Scheme (FSCS). The scheme will protect your eligible deposits up to £85,000 per banking group.
Please get in touch if you have specific requirements.
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You can browse and choose competitive and exclusive interest rates from up to 30+ banks. Bank access is dependent on your client profile.
What our clients are saying
Jane Bryan, Director of Finance
WDC, Whale and Dolphin Conservation
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Softwire
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What3Words Limited
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FSCS Protection
All UK-based banks and building societies on our platform are members of the Financial Service Compensation Scheme. Your eligible charity deposits are protected up to £85K for each individual bank account opened.
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