Green lender Tandem Bank joins Raisin’s UK panel of savings accounts

By Oliver Smith on Monday 1 August 2022

Alternative LendingSavings and Investment

The bank aims to tap into a more diverse source of deposits via Raisin.

Green lender Tandem Bank joins Raisin’s UK panel of savings accounts
Image source: Susie Aliker(right)/Tandem Bank CEO.

Tandem Bank is looking to diversify its deposit-raising channels via a partnership with savings marketplace Raisin UK.

The tie-up will see Tandem’s fixed-term and instant access saving accounts listed on Raisin, but the bank says it hopes to list more products on Raisin in the future.

Raisin’s distribution partnerships also mean that Tandem’s products will end up on Aviva’s Save platform and AJ Bell’s Youinvest hub.

“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,” said Ben Mitchell, director of savings at Tandem Bank.

Tandem is in the midst of a transformation from credit card provider to green lender, with the acquisition of green property lender Allium and consumer lender Oplo.

The bank will launch on Raisin with rates including a one-year fix at 2.75 per cent and a five-year fix at 3.15 per cent.

“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,” said Kevin Mountford, co-founder of Raisin UK.

Sign up for our newsletters


Your daily 7am download of all things alternative finance and fintech.

Fintech and alternative finance headlines with an exclusive Editor's Note each week. Delivered Monday at midday.

AltFi's new weekly US newsletter breaking down the ins and outs of America's burgeoning fintech sector. Delivered Monday 9am EST/ 6am PST.

Companies in this Article:

Tandem
Raisin
AJ Bell

More like this:

Marqeta CEO to step down

11 August 2022
Daniel Lanyon

Crypto: abrdn makes move into crypto

12 August 2022
Daniel Lanyon