TANDEM TOP ONE YEAR TABLES WITH SAVINGS RATE BOOST

Today, Tandem Bank announces that it is upping the interest rates on its fixed term saver accounts for a second time. These accounts pay market leading interest to patient savers who are happy to set aside money for one, two, or three years.David Goodwin, Deposits Manager at Tandem Bank, says, “We’ve seen an incredible response to our fixed term savers since we launched them back in April. They’re bringing newcomers to Tandem and as our existing customers save more and more on a daily basis, they’re starting to put lump sums away for longer too.”

At 2.05%, Tandem’s one year fixed saver is the best deal on the market. Tandem is also soon to launch a new interest earning savings account, available to everyone, that will use smart Autosavings rules to help people save little by little.

Ricky Knox, Tandem Bank Co-Founder and CEO, adds, “Between our fixed savers and the new Tandem account with autosavings, we’re offering a full package solution. Saving should be easy and rewarding, regardless of how long you’re saving for.”

Tandem Fixed Saver 1 year:

● In the first year you will earn 2.05% interest, which will be paid into your linked current account on the anniversary of the date you made your first payment.

● You must open the account with over £1,000. Based  on this amount you could earn a minimum £20.50 in interest after twelve months.

Tandem Fixed Saver 2 year:

● After two years you will earn 2.30% interest, which will be paid into your linked current account on the anniversary of the date you made your first payment.

● Like the first option, your initial deposit must be over £1000. Based on this you could earn a minimum of £46 in interest after 24 months.

Tandem Fixed Saver 3 year:

● After three years you will earn 2.40% interest, which will be paid into your linked current account on the anniversary of the date you made your first payment.

● Based on a £1000 deposit you could earn £72 after 36 months.