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.
Smarter savings - higher interest
Grow
Access hundreds of savings accounts – including exclusive and market-leading fixed term interest rates – from up to 60+ banks, ensuring you earn the best possible interest.
Protect
Spread your money across several banks and receive the FSCS protection of £85K each time (£170K for joint accounts) – if eligible.
Save time
No need to complete additional paperwork when depositing into new savings accounts or spreading your money across multiple banks.
Start saving with Flagstone in
three simple steps
Start saving with just £10,000
The Flagstone platform is available to individual and joint applicants (aged 18 or older) looking to deposit £10K or more.
Client testimonials
Glyn Miles
Very impressed
N.H.C
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Severine Bequin
Brilliant service
Products available on our platform
Fixed term
Save money over a fixed period and benefit from the highest interest rates on your deposits.
Notice accounts
A notice period applies before making a withdrawal, but it normally offers a higher interest rate than easy access accounts.
Instant access
You can access funds instantly, with no
advance notice, for flexible saving.
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.
With Flagstone, there are no admin or management fees to pay.
Rather than drain your savings with high fees, we use a 'share of
interest' model instead. That means we take a small cut of our
partner banks' interest rates - up to 0.30%.
We deduct this before any rates appear on our platform - so the
rate you see will always be the rate you receive.
Ready to get started?
Spread your money across up to 60+ banks,
and over hundreds of fixed rate savings accounts in
one simple portfolio.
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.