Secure, grow and manage your cash - quickly and simply
Apply for your single Flagstone account, supported by our expert and trusted client service team. No need to complete paperwork for multiple banks.
Transfer funds from your bank to your Flagstone account (minimum £10K deposit required for individuals).
Our platform provides access to hundreds of accounts from up to 60+ banks – enabling you to maximise interest and FSCS protection, if eligible.
Meet changing needs, plans and aspirations with complete visibility of your entire portfolio.
All UK-based banks and building societies on our platform are members of the Financial Service Compensation Scheme. Your eligible deposits are protected up to £85K for each individual bank account opened or £170K for each joint account.
Once your deposits mature, funds are returned to your holding account and then can be withdrawn to your own bank account at any time.
Your money, your way
Complete control over your portfolio and immediate visibility of all your money.
Move, place or spread your deposits, 24 hours a day, 7 days a week.
Opening your account
You can open an individual or joint Flagstone account
if you are over 18, and have £10,000+ to deposit.
- Basic personal details including employment
status and address history. - Tax status including National Insurance number
or your Tax Identification number (TIN) where
relevant. - Information about the source of funds you wish
to deposit. - Details of a UK mainland bank account
('nominated account') you wish to deposit from
and have funds returned to. - For joint applications, you must have the
permission of the second applicant to provide
us with their information. - You may be required to provide copies of proof
of ID, proof of address, or proof of source of
funds after submitting your application.
Transferring funds
Once set up, simply transfer funds to your Flagstone
holding account.
Like a wallet, this holds your cash while you choose which savings accounts to open:
- It’s provided by HSBC, so all eligible deposits are protected up to £85,000 per client, per banking group. Or £170,000 for joint accounts.
- Use it to open new savings accounts, and hold returning cash while you decide what's next. Fund and withdraw at any time.
- Cash in the holding account doesn’t earn you any interest. So, once you've funded, it's important to open savings accounts as soon as possible.
Multiple accounts
After funding your Flagstone holding account, browse, open and manage as many savings accounts as you need, including instant access, notice and fixed-term accounts.
Complete control
You are in control. Manage your money - quickly and easily - via our highly secure Flagstone platform. Move, place or spread your deposits - 24 hours a day, 7 days a week - with no additional applications to complete.
Peace of mind
Complete visibility of all your money. View
consolidated information across all of your cash
savings accounts, including a single tax certificate at
the end of the year. Enjoy protection for your money
up to FSCS limits of £85K for each UK bank (£170K for
joint accounts).
If you hold an eligible deposit with a UK-authorised bank or building society that fails, the FSCS will automatically compensate you.
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.
Make your money work harder.
Use our cash deposit calculator to see how much interest you could be earning, while spreading your deposits to maximise FSCS protection.
FREQUENTLY ASKED QUESTIONS
Using our platform is simple.
- Apply for one Flagstone account.
- Move funds from your bank to your Flagstone account.
- Browse and choose from hundreds of accounts – including
exclusive and market-leading rates – on our online platform. - Enjoy complete protection for your money – up to FSCS
limits.
As the UK's leading cash deposit platform, the volume of deposits
placed with us, and the relationships developed with our partner
banks gives us access to exclusive and market-leading deposit
rates for our clients.
All UK-based banks and building societies on our platform are
members of the Financial Service Compensation Scheme (FSCS).
This allows you to protect your savings by spreading your cash
across several banks or building societies, and receive the FSCS
protection of £85K each time (£170K for joint accounts).
All accounts on the Flagstone Platform are “segregated client trust
accounts”. Our clients are individual beneficiaries of this trust for
the amount of money they deposit (plus interest). They are
absolutely entitled to this money. As an individual beneficiary, a
client’s money is eligible for FSCS protection, provided that the
client is eligible. In the unlikely event that there is an issue with
one of our partner banks, Flagstone would carry out the FSCS
claim on behalf of its clients.
Our platform provides immediate visibility of all your money,
including consolidated information across all of your cash deposit
accounts, and a single tax certificate at the end of the year.
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 on our platform – so the rate you see will be the rate you receive.
We also receive interest from cash in the holding account
Peace of mind
FSCS Protection
All UK-based banks and building societies on our platform are members of the Financial Service Compensation Scheme. Your eligible deposits are protected up to £85K for each individual bank account opened or £170K for each joint account.
TLS Secure encryption
We use industry-leading Transport Layer Security (TLS) to encrypt and transport data. All data is held on secure, encrypted servers, protected by multi-layer firewalls.
Ready to get started?
We are trusted by leading Wealth Managers,
including St. James’s Place, Evelyn Partners, and
Quilter Group, plus many of the UK’s leading banks
and building societies.
Join Flagstone and protect the art of the possible.