Tandem Money Limited has announced that it has signed an agreement to acquire Harrods Bank. The transaction is subject to regulatory approval. The Bank will remain authorised by the PRA and regulated by the PRA and FCA and will continue to operate its business and service its customers. The Bank’s deposits are also protected by the Financial Services Compensation Scheme, the UK's deposit protection scheme, and will remain protected once the acquisition receives regulatory approval.
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We recognise that savers have individual needs, and so provide an array of savings accounts designed to satisfy these. It is our aim to make your banking experience as simple and straightforward as possible, and our approachable team will work with you to offer the best products and services possible.
Our variable rate accounts provide you with flexibility to be able to make additional deposits when you want and to make as many withdrawals as you like providing you give the selected notice period where required. Our Instant Savings Account is a versatile savings account which requires a minimum opening deposit but enables customers to withdraw their funds on demand, with neither transaction fee nor notice period. This account offers an attractive interest rate which is posted to the account quarterly. Our 120 Day notice account also requires a minimum opening deposit and a withdrawal notice period of 120 days. Interest is posted to the account quarterly and additional credits may be added at any time to either of these accounts.
All eligible deposits held with Harrods Bank are protected the Financial Services Compensation Scheme (“FSCS”), the UK’s deposit protection scheme. Please click here for more details.