What is Flagstone account?
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).
Who are Flagstone savings?
Flagstone is authorised by the FCA. It claims all its UK based Banks and building societies on its platform are members of the Financial Service Compensation Scheme. If the bank or building society you are saving with via the platform were to fail, the FSCS will protect your money up to £85,000 per banking licence.
Is Flagstone covered by FSCS?
You can browse all the current interest rates via your Flagstone account. Rates may differ for joint accounts and FSCS protection, where eligible, increases to £170,000. ... Your eligible deposits are protected up to £85,000 per depositor per UK bank (£170,000 for joint accounts).
Is Flagstone a bank?
No, Flagstone is not a bank. We are an online Fintech platform, providing access to hundreds of deposit accounts from over 50 banks and building societies enabling our clients to maximise their interest income and conveniently increase the value of their deposits that are eligible for FSCS protection.
What is a flagstone account?
No, Flagstone is not a bank. We are an online Fintech platform, providing access to hundreds of deposit accounts from over 50 banks and building societies enabling our clients to maximise their interest income and conveniently increase the value of their deposits that are eligible for FSCS protection.
What is cash platform?
What are cash savings platforms? Cash savings platforms are like savings supermarkets, where savers have a single log in and then pick and choose which products (from those available at that time) they want to buy. ... With these platforms, you fill in your details once and then decide where you want to save.