Flagstone

Flagstone, a savings platform with access to more than 65 banks

Flagstone is a UK-based savings platform that allows its clients to open and manage savings accounts from multiple banks from a single point, with one application and one password. The company presents itself as the UK's highest-rated savings platform and operates with more than 350 employees.

Account catalogue and interest rates

The platform provides access to more than 450 savings accounts offered by more than 65 partner banks, with competitive and exclusive rates. The catalogue includes one-, two- and five-year Fixed Rate accounts, Notice accounts and Instant Access accounts. At the time of analysis, the website showed an AER of 4.91% for 12-month Fixed Rate accounts, 4.00% AER for Instant Access and 3.92% AER for 95-day Notice accounts. The company states that it charges no administration, management or platform fees, and that it is remunerated through a small share of the interest generated by accounts opened through its platform, deducted before the rate is displayed, so that the visible rate is the one the client receives.

Cash ISA and tax-free savings

Flagstone offers the possibility of opening multiple tax-free accounts with different banks within a single Cash ISA. The platform also provides tools such as an interest calculator, portfolio builder, Cash ISA calculator, Inheritance Tax calculator, compound interest calculator and retirement savings and pensions calculator.

FSCS protection and security

The platform maximises FSCS protection for eligible deposits, up to £120,000 per client and banking group. This coverage applies both to cash in the holding account and to UK savings accounts opened through Flagstone. The company holds cash in an FSCS-eligible account and guarantees 24/7 access.

How it works

The process is structured in three steps: explore the platform with a username and password and complete the application in minutes; deposit money into a holding account with permanent access; and open as many savings accounts as desired with multiple banks through Flagstone. The account, individual or joint, requires a minimum deposit of £10,000. Clients must be over 18 and have a UK bank account.

Client and partner profile

Flagstone serves individuals, businesses, charities and financial advisers. The company works with more than 65 banks and more than 5,000 financial advisers. Its clients include savers with a lump sum looking to spread their cash across several accounts to maximise interest and protection.

Corporate data and recognition

Flagstone Group Ltd is authorised by the Financial Conduct Authority (reference 605504) under the Payment Services Regulations 2017. The company has raised £149 million from investors and administers more than £20 billion in assets. It has a head office near Piccadilly and more than 350 employees. The platform presents itself as the UK's highest-rated in its category.

Location and contact

Email: info@flagstoneim.com · Hours: Monday to Friday 9:00 to 17:30