Flagstone review

Flagstone pays a fixed rate of 4.91% for a term of 12. That sits above the savings account median of 3.08% and is a fixed rather than variable deal, so it is set for the whole term.

There is a monthly fee of £0, which matches the savings account median of €0. The account runs on a no-monthly-fee model, so the holding account and the fixed-term deposit are both covered by that.

The minimum deposit is £10,000. Flagstone places 365 of 370 on minimum deposit, and the amount sits above the savings account median of €0.17.

It is a fixed account, with both the rate and the term set when the deposit opens. The account kind is fixed and the rate type is fixed, and the money sits alongside a holding account that stays reachable while the fixed deposit runs its course.

The holding account stays open around the clock, while anything in a fixed deposit is tied up for the full term. With a term of 12, the money in the deposit would wait until the end of that period before it could be withdrawn.

Deposits are covered by the FSCS up to GBP 85,000. The account belongs to Flagstone Group Ltd, based in the United Kingdom, and is regulated by the Financial Conduct Authority under reference 605504, so a fixed deposit here sits within the UK protection scheme.

Support runs on email, phone and help centre, so a phone line, an email address and a help centre are all available for the account. A call is the quickest route for anything urgent about a fixed deposit that is already running.