Compare UK Digital Banks
Independent reviews of digital & app based banking
Tandem Bank Review
Tandem Bank is a UK savings and lending specialist with a strong focus on environmental sustainability. It offers competitive fixed-term and instant-access savings accounts, as well as unsecured personal loans specifically designed for green home improvements like solar panels and insulation.
FSCS Protection — If you want to understand how the £120,000 FSCS guarantee protects your savings, click here to read our helpful guide →
Key Features
| FSCS Protection | Yes — up to £120,000 per person |
| Monthly Fee | £0 (on savings accounts) |
| Current Accounts | No — Tandem does not offer personal current accounts |
| Savings Accounts | Yes — Includes Instant Access Savers, Fixed Term Savers, and Cash ISAs |
| Credit Card | Not offered — Tandem does not provide consumer credit cards |
| Spending Abroad | Not applicable — No current account or debit card for everyday spending |
| App Features | Savings tracking, loan management, digital account management |
| Loans | Yes — Offers green home improvement loans, mortgages, and motor finance |
| Top Savings Rate | Up to 4.00% AER on Fixed Rate Cash ISAs |
Tandem Bank at a Glance
- Tandem Bank focuses exclusively on savings accounts and green home improvement loans, offering competitive rates through a simple digital app. It does not provide current accounts or everyday banking features.
Tandem Bank Services
Tandem provides fixed-term and instant-access savings accounts, including Cash ISAs. Its lending is focused exclusively on unsecured personal loans for eco-friendly home upgrades, such as installing heat pumps, solar panels, or better insulation.
✅ Pros
- Often offers market-leading savings rates
- Clear focus on green finance for eco-home projects
- Simple, user-friendly app for managing savings
- FSCS protection up to £120,000 on all deposits
- No monthly fees or charges for standard savings use
⚠️ Cons
- No current account, debit card, or everyday banking features
- App lacks budgeting tools and spending analytics
- Not suitable as your only or primary bank account
- Green loans are unsecured personal loans with standard credit checks
- Limited product range compared to full-service banks
Why We Like Tandem Bank
We like Tandem for its successful specialist approach. It excels by offering some of the best savings rates on the market and providing a clear, useful path to finance sustainable home improvements, all within a straightforward and reliable app.
How We Compare Digital Banks
Tandem operates in a different space to banks like Monzo or Starling. It is not a current account competitor but a focused 'satellite' bank ideal for housing your savings or funding a specific green project. It is best used alongside a traditional current account.
Financial Information Disclaimer
The information on this website is provided for general guidance only and may not always reflect the latest fees, rates, or terms offered by each bank. While we do our best to keep content accurate and up-to-date, you should always check the bank’s official website or app before applying for an account. Nothing on this site constitutes financial advice.
Ready to Choose Your Digital Bank?
Compare all features, rates, and benefits side-by-side to find your perfect match.