- Saga, a UK-based financial solutions provider for consumers over 50, partners with Flagstone for a new savings platform.
- The Saga Savings Platform will utilize Flagstone’s technology and connections with savings providers, offering customers over 50 a choice of fixed-rate accounts.
- Accounts will have terms from one month to seven years, allowing customers to move money between accounts for higher interest and FSCS protection.
- Flagstone’s technology aims to reduce manual effort in managing multiple bank accounts and aggregates transactional data into one statement.
- Saga’s research shows demand among over-50s for competitive savings rates, convenience, and reduced paperwork due to the current high-interest rate environment.
- The platform simplifies savings by offering curated fixed-rate options on a single website and account, according to Alex Edmans, head of financial services at Saga Money.
- Simon Merchant, CEO of Flagstone, highlights Saga’s affluent and fast-growing customer base, seeking to provide flexible access to a variety of competing savings accounts.
