Saga taps Flagstone to launch over-50s savings platform in the UK

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.