London-based Flagstone has added a new deposit taker to its investment management platform, expanding the pool of savings products that its small- and medium-sized entity (SME), individual and charity clients can access.
Flagstone is the UK’s largest smart cash platform for corporate, charitable and individual clients. It offers a choice of banks and accounts, allowing customers to compare, manage and move deposits with ease to maximise returns and minimise risks.
Specialist financial services firm Hampshire Trust Bank (HTB) is the latest deposit taker to join Flagstone’s platform.
Flagstone’s personal and SME customers now have access to the full range of HTB’s savings products, from easy access to five-year fixed terms.
Through the Flagstone platform, individuals, SMEs and charities can access market-leading and exclusive rates, while managing their risk and maximising their Financial Services Compensation Scheme protection through diversification.
Nationwide Building Society became the 35th deposit taker to join Flagstone’s cash platform last year.
Lionel Ross, head of corporate deposit solutions at HTB, said: “We are delighted to have partnered with Flagstone and to be offering HTB’s savings solutions on the platform. Flagstone customers will be able to benefit from HTB’s wide range of award-winning and consistently competitive products.”
Andrew Thatcher, founder and managing partner at Flagstone added: “This is such a positive story in so many ways. It shows businesses are able to forge partnerships and grow in challenging times, it adds even more choice for Flagstone’s customers who are currently seeking to diversify their savings for safety and it demonstrates, once again, that deposit marketplaces present a powerful route to market for banks.”