Chetwood’s SmartSave Bank partners cash deposit platform Flagstone
UK digital bank Chetwood Financial’s SmartSave has partnered with UK-based cash deposit platform Flagstone.
Flagstone partners Chetwood Financial’s SmartSave Bank
SmartSave allows Chetwood users to open and manage fixed rate saver accounts entirely online and earn interest on their money.
Flagstone, which claims to be the UK’s largest smart cash platform for corporates, charities and individual clients, offers a choice of banks and accounts, enabling customers to “compare, manage and move deposits with ease to maximise returns and minimise risks”.
Under the new partnership, SmartSave’s fixed rate accounts will be made available to Flagstone clients “while scaling up its deposit-raising activities via Flagstone’s broad distribution channels”.
Deposits made with SmartSave on the Flagstone platform will be protected by the Financial Services Compensation Scheme up to £85,000, and will be easy to access.
“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,” says Andy Mielczarek, CEO and founder of SmartSave.
