Access to Multiple Banks: Users can spread their deposits across a variety of banks, reducing the risk associated with holding large sums of money in a single institution.
Competitive Interest Rates: By offering access to a broad range of accounts, Flagstone enables clients to take advantage of competitive interest rates that might not be available through a single bank.
Easy Management: The platform simplifies the process of managing multiple accounts, allowing clients to monitor their cash and make transfers between accounts easily.
Security and FSCS Protection: Flagstone’s partner banks are typically covered by the Financial Services Compensation Scheme (FSCS) in the UK, which protects deposits up to a certain limit per institution.
Transparency and Control: Users can see all available accounts and rates, allowing them to make informed decisions about where to place their funds.
Flagstone is particularly popular among high-net-worth individuals and businesses looking to optimise the returns on their cash reserves while ensuring that their funds are secure and accessible.
Please note this service is separate and distinct to the services offered by Prospera Wealth or St. James’s Place.
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