Digital challenger bank Tandem has announced the launch of interest-paying savings accounts capable of automatically putting money aside based on their spending habits.
Enabled through machine learning, the new feature analyses the income and outgoings of customers to determine how much they can save. Customers can also use the slider provided in the Tandem app to help set the savings level.
Ricky Knox, CEO, Tandem, says: “With Autosavings we’re giving people the ultimate tool to build positive savings habits, earn interest and even absorb the costs associated with paying money into your Tandem account.”
