Best Savings Platforms 2025

Is Flagstone a good savings platform?

Yes, through the Flagstone platform, you can access hundreds of different high-interest savings accounts including instant access, notice, fixed-term, and Sharia accounts. Many of these accounts have excellent interest rates (some even have exclusive interest rates that can’t be found elsewhere).

Once you have an account with the company, you can spread your money out over many different savings accounts and banks without having to complete an application for each individual savings account. So, for example, if you have £150,000 to deposit, you could potentially put £50,000 with three different banks.

You can move, place, or spread your deposits 24 hours a day, seven days a week. However, it’s worth pointing out that there is no app for the platform at the moment – it can only be accessed through an internet browser.

In terms of customer protection, eligible deposits are protected up to £85,000 per depositor per UK bank (£170,000 for joint accounts). So, if you plan on depositing more than £85,000 with Flagstone, spreading your cash out over several different banks on the platform is sensible.

One drawback of Flagstone is that not all banks are on the platform. So, it doesn’t offer access to the whole market, but with 200+ accounts from 67 banks what Flagstone offers is substantially more than any other platform.

Another issue to be aware of is that it can take 24 hours (or sometimes longer) for your cash to be transferred from your holding account to your chosen savings account. So, you may miss out on interest for a day or two.

Pricing: Customers only see net prices, but there is no cost scale available on the website.

Market Access: Of all the savings platforms we test Flagstone offers the most bank account access.

Apps & Platform: No app and no issues with the simple-to-use website.

Customer Service: We got straight through on the phone when we had a question about ISA accounts. There is no live chat function, though.

Does Flagstone have an ISA?

No, Flagstone does not offer ISA accounts. But, as the minimum deposit on the Flagstone savings platform is £10,000, it’s safe to assume that Flagstone caters to higher-value accounts that would quickly fall outside the ISA limits.

When we phoned Flagstone to test their customer service to ask about the availability of the ISA, they said they were looking at it but had no immediate plans to launch an ISA product.

Is Flagstone safe?

Flagstone should be considered trustworthy. The company is authorised by the Financial Conduct Authority (FCA) under the Payment Service Regulations 2017 for the provision of payment services. Meanwhile, all the UK-based banks and building societies on its platform are members of the Financial Service Compensation Scheme (FSCS). So, eligible deposits are protected up to £85,000 per depositor per UK bank (£170,000 for joint accounts).

How much does Flagstone charge in fees?

With Flagstone, there is no fee to open an account. There are also no ongoing administration or management fees.

As for how the platform makes money, it uses a ‘share of interest’ model where it takes a small cut of its partner banks’ interest rates (up to 0.30%). However, this is deducted before any rates appear on the platform so the rate that you see will always be the rate that you receive.

To put that in perspective, if you save the minimum deposit required open a Flagstone account (which is currently £10,000) you will lose out on £30 in interest per year. But as Flagstone only shows the net rate (the rate you will receive) it doesn;t feel like a charge but it is.

So, in theory, you can earn more interest by going to the provider directly; the disadvantage of this, of course, is that you have to open up lots of different savings accounts. So you are sacrificing (paying) a little bit for the convenience of having lots of different savings accounts and providers in one place.