Savings platform

rowerjac

Anyone any experience or thoughts on a savings platform such as ‘Flagstone’. FSCS registered.

eskbanker

https://forums.moneysavingexpert.com/discussion/6319964/flagstone-investment-management
https://forums.moneysavingexpert.com/discussion/6377331/is-flagstone-im-trustworthy
https://forums.moneysavingexpert.com/discussion/6381931/flagstone-a-waste-of-time
https://forums.moneysavingexpert.com/discussion/6431041/flagstone

Band7

I have never seen Flagstone (or HL Active savings, for that matter) offering market-leading rates, and I find their T&Cs rather opaque. Similar is true for Raisin, though they do very occasionally have market leading rates.

What attracts you to these platforms?

It's quite easy to find the best rates yourself on https://moneyfactscompare.co.uk/savings-accounts/

ColdIron

This may be a factor

• Start saving from £50K
• The Flagstone platform is available to individual and joint applicants (aged 18 or older) looking to deposit £50K or more.

A brief look at their rates show they are no better and in some cases worse than going direct

EthicsGradient

Band7 said:

I have never seen Flagstone (or HL Active savings, for that matter) offering market-leading rates, and I find their T&Cs rather opaque. Similar is true for Raisin, though they do very occasionally have market leading rates.

What attracts you to these platforms?

It's quite easy to find the best rates yourself on https://moneyfactscompare.co.uk/savings-accounts/

I did get a market-leading rate from HL Active Savings last October - 4.95% for 2 years. I found it through Moneyfacts or MSE, however.

sparkiemalarkie

I like HL active savings because it keeps a number of my savings accounts under 1 'banner'.
The rates aren't always the very best but usually quite close.
At the end of each tax year I get a statement of interest on all the accounts that have closed during the past 12 months.
On the HL platform at the moment there is an Investec 2yr bond for 4.70% minimum deposit £1000 not quite the market leader but only 0.02% below...

It works for me

sx