The perfect solution for your client's cash

Due to the volume of deposits we intermediate and through the
relationships we have developed with our partner banks, we are
able to access exclusive and competitive deposit rates for
Flagstone clients.

Partnering with more than 60+ banks and building societies,
Flagstone gives you access to more than 200 deposit accounts
through a single application.

Using Flagstone's secure online platform, you can quickly and
easily diversify your deposits with different UK banks and building
societies to increase the total value of those deposits that are
eligible for FSCS protection.

Ongoing access to exclusive and market-leading interest rates
empowers you to maximise the interest income from your cash.

There is an annual management fee of between 0.15% p.a. and
0.25% p.a. depending on the value of deposits you 
hold on our platform.

For deposits of £250k or more, a one time setup fee of £500 will be
payable and automatically taken from your initial deposit. For US
Dollar accounts this fee is $500 and for Euro Accounts it is
€500. This admin fee applies to all Individual, Joint, company,
charity and trust clients.

No Administration fee is charged for deposits between £50,000 to
£249,999.

Ensuring the funds belonging to our clients are secure is our
number one priority. As a company authorised and regulated by
the Financial Conduct Authority (FCA), we are required to hold
appropriate levels of regulatory capital and generally organise and
manage our business to the high standards set by the FCA.

Flagstone partners with top tier technology providers and security
experts to ensure the end to end security. We employ practices
and techniques to keep our platform up to date with the ever-
changing security landscape and to provide a secure platform to
our clients.

Flagstone has adopted internal systems and controls designed to
protect client funds from the risk of fraud. These include relevant IT
controls, appropriate segregation of duties, restricted access
rights and signature protocols.

Importantly, Flagstone does not allow any third-party payments
and will only ever authorise payments from a client’s Flagstone
Hub Account to their Nominated Return Account.

Yes. In the event that one of the banks on the platform were to go
into administration, assuming the bank in question was a member
of the Financial Services Compensation Scheme (FSCS), then our
client (if eligible) would have a single claim under the FSCS limited
to the deposit compensation limit of £85,000.¹

¹FSCS deposit protection is £85,000 per depositor (£170,000 for
joint accounts) per bank (as at 27 May 2020). For more information
please refer to https://www.fscs.org.uk

Flagstone implements safeguarding measures to protect
customer funds.

All funds held by Flagstone on behalf of clients are separated from
Flagstone’s own funds and only held in designated trust accounts.

Furthermore, each client’s individual deposits are held against a
unique alphanumeric reference number.

Were Flagstone to be placed in administration or wound up,
clients retain full beneficial ownership of their funds at all times and
as such these will be paid back to the client by the administrator.
Clients have no credit exposure to Flagstone.

When you transfer money to your Flagstone account, it is
deposited into a ‘Hub Account’ provided by HSBC Bank plc. The
Hub Account is a segregated trust account set up to receive and
hold funds before they are sent on to a deposit account. When a
deposit account matures or a request for the return of instant
access or notice account deposits is made, the funds are returned
to the Hub Account.

No, using the online Flagstone platform you have full control of
which banks you choose to deposit your money with and which
accounts you open.

Flagstone gives you visibility of every pound earned and the
simplicity of consolidated reporting.

Once you have a Flagstone account, you will have 24/7 access to
consolidated statements for all your deposit accounts for any
period of time, available to view and download via the platform.

At the end of each tax year, Flagstone will provide you with a
summary of interest earned.

The Flagstone platform is available to individual and joint
applicants who are resident in the UK and 18 years of age or older.
Accounts are also available to UK-registered companies, charities
and trusts (including SIPPs and SSASs). The minimum amount
required to open a Flagstone account is currently £50,000 for
individual and joint applicants, and £250,000 for companies,
charities and trusts.

Simply click on the 'Open an Account' button on our website.

For individual and joint applicants, you can complete our new
online account opening process.

For all other account types, provide us with your details and we will
send you an application pack to complete and return.

If you need any help at any stage, don’t hesitate to contact us at
applications@flagstoneim.com

We need your completed application form to open your Flagstone
account. If you are submitting a paper version, your application
form and engagement letter should be signed.

Provision of the required source of funds information and certified
identification documents with your application will avoid delays in
setting up your Flagstone account.

We may need further information or documentation to enable us to
complete the processing of your application and meet our regulatory
requirements as an FCA authorised firm.

Yes, US Dollar and Euro Flagstone accounts are also available. 

At a maturity event, all monies (principal and interest) will be
returned to your Flagstone Hub Account.