Effective management of cash is key in a business.
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 can often be a burden to continually research the best bank accounts, let alone open, close and maintain multiple accounts.
However, it’s important to maximise the returns you can achieve on your cash and do so without compromising security and accessibility.
We can facilitate the introduction of a simple, convenient and innovative solution, provided by Flagstone. This allows business-owners, with cash deposits of more than £250,000, to easily open and switch accounts within a panel of banks, which can help achieve better rates and spread risk through diversification.
The Flagstone portal offers access to more than 40 banks and around 450 instant access, notice and term accounts. These include deposit rates which are not available to clients on the high street and only obtainable due to the scale of assets held collectively through the portal.
Clients need to complete only one application form and no additional paperwork is required to switch between banks.
Please note that this service is separate and distinct to those offered by St. James's Place.
If you would like to speak to us about a particular issue or wish to find out more about the specialist advice services we offer for business owners, please get in touch.