Good management of cash is key in a business, yet it’s rare for small- or medium-sized businesses to have a dedicated finance manager with the time to spend maximising the return on cash or managing bank credit risk. It is a burden to have to continually research the best bank accounts, let alone to be opening, closing and maintaining multiple accounts. Still, you will want the potential to maximise the returns you can achieve on your cash and do so without compromising security and accessibility.
We can facilitate the introduction to a simple, convenient and innovative solution to these problems, provided by Flagstone. Flagstone allows business-owners with cash deposits of more than £250,000 to easily open and switch accounts within a panel of banks, to achieve better rates and spread risk through diversification.
The Flagstone portal offers access to more than 30 banks and more than 450 instant access, notice and term accounts. These include deposit rates which are not available to clients on the high street, but which are only obtainable due to the scale of assets held collectively through the portal. Clients need to complete only one application form and then no further paperwork is required to switch between banks.
Please note that this service is separate and distinct to those offered by St. James's Place.