Wealth manager Kingswood has launched a new cash deposit platform, in conjunction with developer Flagstone.

The platform will provide Kingswood clients with access to over 550 cash deposit account options from 32 banks through a single application, reducing the administrative burden for savers, the group said.

Clients will also have access to exclusive rates as well as the FSCS deposit protection of £85,000 per depositor per bank.

Patrick Goulding, group chief financial officer at Kingswood, said: “We are excited to provide our clients and advisers with an online tool that helps them to manage the cash elem...