SmartSave Bank, the savings brand of digital bank Chetwood Financial, has announced a new partnership with Flagstone.
Flagstone is a cash deposit platform for corporate, charitable and individual clients.
The firm offers a choice of banks and accounts, allowing customers to compare, manage and move deposits with ease to maximise returns and minimise risks.
Under the new partnership, SmartSave will make its fixed rate accounts available to Flagstone clients while scaling up its deposit-raising activities via Flagstone’s distribution channels.
CEO and founder of SmartSave, Andy Mielczarek, said: “We are thrilled to be offering our market-leading SmartSave accounts through the Flagstone platform. In the current climate, where inflation is high and interest rates are still rising, ensuring that customers have access to competitively priced savings products that help them do more with their money is vital.
“We look forward to giving more people the opportunity to grow their savings, as well as making the most of Flagstone’s broad range of distribution channels to grow our own deposit base.”
Head of bank partnerships at Flagstone, Mark Hicks, added: “We are delighted that SmartSave have become the latest partner to join our platform. Flagstone has access to a wide range of distribution channels, and we look forward to utilising these channels to help SmartSave grow their deposit base.”
Deposits made with SmartSave through the Flagstone platform are protected by the Financial Services Compensation Scheme up to a maximum of £85,000.
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