Tandem Bank review
Tandem Bank offers a variety of savings accounts with interest rates up to 4.52%.

Tandem Bank is a simple app-based loans and savings provider. It offers one easy access savings account and several fixed rate saver accounts. Both types of product offer competitive interest rates which regularly appear near the top of comparison tables.
Tandem Bank's top savings rate of 4.52% is available on one of its fixed-rate bond accounts.
We currently don't have that product, but here are others to consider:
How we picked theseWe currently don't have that product, but here are others to consider:
How we picked theseThe best savings account depends on what you want from your savings. If you're after fast access to your money, then an easy-access account should suit you. However, if you're happy to lock your money away for a time to access a higher rate, then a fixed-rate bond is a good option.
Finally, if you're looking to maximise your returns and shield them from income tax, consider an ISA. Below, we've listed the different types of accounts Tandem Bank offers, plus the highest interest rate currently available.
Savings account types include | Easy access, fixed-rate bonds |
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Best easy access rate | 3.9% |
Best fixed-rate bond rate | 4.52% |
Fixed bond terms | 1 year - 5 years |
Opening options | Website, mobile app |
FSCS protection |
Digital challenger bank Tandem Money was created in 2014 with the aim of providing simple mortgage and savings products. It became a licensed bank in 2018 when it bought Harrods Bank, acquiring its banking licence in the process.
Tandem Bank merged with alternative lender Oplo in 2022 and the combined company now markets itself as a “greener, digital bank for all”.
All savings accounts are managed via the Tandem Bank smartphone app. The bank uses open banking technology to enable you to fund your Tandem savings account with an instant bank transfer without leaving the app.
To be eligible for a Tandem Bank savings account, you will need to:
You can apply for a Tandem Bank savings account via its smartphone app. Simply find the product you want to apply for, then follow the on-screen instructions.
Email support | |
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Telephone support | |
In-app or live chat | |
Contact form | |
Branch support |
The actual app has several security features. All your details are held behind a password and, if you select the option, touch ID functionality. As a fully regulated UK bank, all deposits in customers’ savings accounts are protected, up to £85,000, by the Financial Services Compensation Scheme (FSCS).
This limit isn’t restricted to one account, but all deposit balances you have with Tandem. So you’re only covered for £85,000 of the total amount of money you have stored away with Tandem.
In early 2022, Tandem Bank announced that it had acquired consumer lender Oplo. Oplo’s home loans can now only be secured through Tandem.
Tandem Bank currently offers a competitive range of fixed-term accounts and a fairly decent instant access savings account. Read our savings reviews to see how it weighs up against other savings providers and check if it’s the right choice for you.
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