CASH MANAGEMENT
Our cash management platform provides you with access to more than 550 deposit accounts on completion of just one application form, enabling you to earn more interest income and manage risk in a simple, safe way.
BENEFITS OF CASH MANAGEMENT
MAXIMISE YOUR INTEREST
You have access to market leading interest rates on hundreds of bank deposit accounts. Clients typically increase the interest paid on their cash by 2 to 9 times net of fees.
MINIMISE YOUR RISK EXPOSURE
With so many deposit account products available, it’s possible to reduce the risk exposure on your cash through greater diversification. The platform enables you to spread your deposits across multiple accounts in order to maintain your Financial Services Compensation Scheme (FSCS) protection.
ELIMINATE HASSLE
The platform does away with the usual administration and waiting time associated with opening and managing multiple accounts. You sign just one agreement to get started and after this you can manage your account opening effortlessly and electronically through the platform without any further paperwork.
HOW IT WORKS
The platform's intuitive functionality and efficient electronic execution make it easy for you to research, select and open the accounts that meet your needs, enabling you to earn more interest income and manage risk in a simple, safe way.
OPEN A HUB ACCOUNT
On receipt and approval of your completed application pack, the client services team will set up your Hub Account. Your Hub Account will be held with Barclays Bank. This is the account into which you will make your initial transfer and to and from which all subsequent deposits will flow in and out.
SET YOUR DEPOSIT CRITERIA
Using a simple Filter tool you can set the criteria for your deposits based on value, account type (instant access, notice and/or term deposits).
BROWSE THE AVAILABLE ACCOUNTS
You can review all of the available accounts that meet your criteria using a Graph and/or Table view. Clear and transparent financial strength analysis is available for each of the banks on the platform. This is also distilled down to a simple Financial Strength Score (out of 100) to assist you in comparing the accounts.
SELECT AND EXECUTE
Select the deposit accounts that align with your needs and click on them to build your portfolio. View the terms and conditions for each account and the overall interest rate payable on your portfolio, and when you are happy with your selections simply click to confirm. Flagstone will then automatically execute these deposits
REPORTING
You can view all of your deposits at a glance with 24/7 secure online access. You will receive consolidated monthly statements and an annual summary for tax reporting
