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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
Variable interest rate
Your money is protected up to £85,000
We’re rated Excellent on Trustpilot
Best App Based Savings Provider

Instant Saver Interest Rate

Our Instant Access Savings account has a variable interest rate, which means it can change at any time. But not to worry, if it does, we'll always give you a heads up first.

With Top Up rate (Variable)
Read the summary box
* 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.
The benefits
Could this be the right account for you?
With our Instant Access Saver, you're in full control. You choose when, how much and how often you save, with  full access to your money if you need it.
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.

How it works
Start saving almost instantly
Opening an Instant Access Saver is simple. All you need is a compatible device and your UK current bank account details.
You're in safe hands

We’re a fully regulated UK bank so you can rest easy knowing that your money is protected, up to £85,000 by the Financial Services Compensation Scheme (FSCS), the UK’s deposit guarantee scheme.

FSCS logo
Awards and reviews

Trusted by more & more people, who have the opportunity to make a difference

We’re rated Excellent on Trustpilot
120,000+ Tandem App downloads
Best App Based Savings Provider
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.
Can I have more than one regular transfer set up?

At the moment, you can only have one regular transfer in place.

How do I edit or cancel a regular transfer?

You can easily cancel and set up a new regular transfer within the Tandem app. Just head to your Instant Access Saver account and tap on your regular transfer to find your options.

How do regular transfers work?

Regular transfers let you automate moving money from your external UK current account into your Tandem Instant Access Saver. Just set up how often you want money transferred – daily, weekly, fortnightly or monthly. This way, you steadily build up your savings without even thinking about it!

To set up a regular transfer, open the Tandem and go to your Instant Access Saver account. Tap ‘Set up a regular transfer’ and follow the steps to get started.

Can I add a savings goal inside a pot?

Not yet, but watch this space!

How many savings pots can I open at once?

There's no limit to the number of savings pots you can create.

What is the difference between a primary pot and an additional pot?

Your primary pot serves as your default or main savings hub, typically used for general savings. It's where transfers can be made between your verified external UK current account and your Tandem account.

Additional pots, on the other hand, can be created for specific goals, making it easier for you to keep track of all your savings goals in your one account.

How does a savings pot work?

Savings pots within your Instant Access Savings account let you divide your savings for different goals, all earning interest collectively. Whether your money is in your primary pot or distributed across additional pots, the interest applies to your entire balance. It's like having multiple compartments for your goals, while ensuring all your savings work together to grow with the same interest rate.

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 hold a single Instant Access Saver account. However, within this account, you can create multiple 'pots' to divide your savings for various goals, whilst still earning interest collectively.

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.