Instant Access Saving Account

Instant Access Saver

By opening an Instant Access Savings account, you’ll earn interest on your money and still have access to it whenever you need. You can add and dip into your savings as often as you like with no fees or charges.

24/7 access to your funds

Unlimited withdrawals and deposits

No minimum deposit

24/7 access

Have quick access to your money with unlimited deposits and withdrawals.

No minimum deposit

Add as little or as much as you like, with the option to save up to £250,000.

Safe and secure

We’re a fully regulated bank, so your money is protected up to £85,000.

Variable interest rate

The rate can go up or down, but we'll always give you a heads up first.

App based account

No branches, no unnecessary paperwork. Everything happens within our secure app.

On hand support

Our UK-based customer service team are available via live chat, phone or email.

SAVINGS POTS

Are you saving for something special?

Create a pot! Divide your savings and track multiple goals easily. Whether it’s your next holiday or a house deposit, watch your money grow in its dedicated pot.

SAVINGS GOAL

Summer Holiday

£3,000

Save £250 per month

Spread over 12 months

With our 4.65% AER*

Earn around £75

SAVINGS GOAL

Dream wedding

£20,000

Save £1,100 per month

Spread over 18 months

With our 4.65% AER*

Earn around £729

SAVINGS GOAL

Electric vehicle

£48,000

Save £2,000 per month

Spread over 24 months

With our 4.65% AER*

Earn around £2,258

Are you saving for something special?

Boost your savings even further with our Instant Access Saver. With the interest you earn, you’re that much closer to your goal!

SAVINGS GOAL

Summer Holiday

£3,000

Save £250 per month

Spread over 12 months

With our 4.65% AER*

Earn around £75

SAVINGS GOAL

Dream wedding

£20,000

Save £1,100 per month

Spread over 18 months

With our 4.65% AER*

Earn around £729

SAVINGS GOAL

Electric vehicle

£48,000

Save £2,000 per month

Spread over 24 months

With our 4.65% AER*

Earn around £2,258

Figures are used for illustrative purposes only.

Interest shown is based on 4.65% AER (live rate as of 7th August 2023). Tax may be payable on interest earned.

*AER stands for Annual Equivalent Rate and illustrates what the interest rate would be if interest was paid and compounded each year. This allows you to compare easily what return you can expect from your savings over time.

FREQUENTLY ASKED QUESTIONS

FAQs

Got a question?

Find answers to our most common questions when it comes to saving with Tandem. Or head to our dedicated FAQ page to find out more.

Find more FAQs

Why can’t I fund my Instant Access Saver from an overseas current account?

We are only able to accept money transferred from a verified UK bank account. This provides fraud protection for both Tandem and you.

Can I have more than one Instant Access Saver account?

No,you can only have one Instant Access Saver account.

Where do I find the sort code and account number of my Instant Access Saver account?

Simply open the app, tap on your Instant Access Saver account and then select the‘Info’ icon to access your account details.

Can I transfer money in from a bank account other than my connected account?

No, we can only accept money from a bank account that we have verified as belonging to you. We will return any money sent from accounts that haven’t been verified.

If you wish to transfer funds from a different account, select ‘Connect a new current account’ through the ‘Pay in via Open Banking’ screen in the app. Once we’ve verified this new account, you can then transfer money in and out of it.

If you need more assistance with connecting another account, feel free to use our in-app chat or call 0203 370 0970 and we’d be happy to help.

What happens if I withdraw all funds during the month?

Your interest will calculate up until the point you remove the funds and will apply on to the account on the anniversary of the date you first funded it.

When is interest paid on the Instant Access Saver?

Interest is calculated daily and compounded into your Instant Access Saver on a monthly basis. The interest will be applied to your account each month on the same date you first funded it. You’ll receive an SMS when your interest has been added and your statement is ready to view in the app.

How does an Instant Access Saver account work?

An Instant Access Saver is an account that will pay interest monthly on the money you put in. You can save as little or as much as you want up to £250,000. You can withdraw money, and pay money in, whenever you want.

Instant Access Saver

Instant Saver Interest Rate

Are you saving for something special?

Figures are used for illustrative purposes only.

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