Tandem’s current suite of savings products extends across fixed rate and instant access; it is expected over time that additional Tandem savings products will be available via the Raisin online marketplace
Shot of a young couple doing some online shopping on a digital tablet. (Credit: Tandem Bank Limited)
Leading digital bank Tandem announces that it has joined the Raisin UK online savings market place, initially offering UK customers access to a range of its competitively priced fixed term savings products.
This is an important first partnership announcement for Tandem and its savings platform, demonstrating Tandem’s ability to extend and diversify its deposit raising channels. With its mission to build the UK’s greener digital bank, Tandem has been clear on its intentions to broaden and develop its product offering across a range of consumer products.
Tandem’s current suite of savings products extends across fixed rate and instant access; it is expected over time that additional Tandem savings products will be available via the Raisin online marketplace. Launching on Raisin with its competitive fixed terms saving rates, customers can choose savings products from one year fixed at 2.75% to five years fixed at 3.15%. This new arrangement with Raisin means that Tandem’s fixed term savings products will also be available via Raisin UK’s distribution channels through Aviva’s “Aviva Save” and AJ Bell’s “Youinvest” hubs.
Ben Mitchell, Director of Savings at Tandem Bank, commented:
“We are excited to join the Raisin UK marketplace. With the cost of living crisis, Brits are understandably keen to look for the best rates for their hard-earned cash, and they now have the choice of coming to Tandem direct, or accessing Tandem’s savings products through the Raisin marketplace.”
Kevin Mountford, Raisin UK Co-Founder, added:
“We are delighted to welcome Tandem to the Raisin marketplace. Many of our savers are seeking a savings provider with commitments to providing fairer and greener financial choices complemented by an exceptional online experience and Tandem fits the bill beautifully.”
Source: Company Press Release