Tandem has invited its existing app users to join its autosavings beta testing community to help test its new proposition.
Autosavings will aim to make it easy for users to set aside affordable amounts and earn interest.
It will launch fully later this year, with options including rounding up money spent with the additional money deposited into users’ Tandem account.
Ricky Knox, CEO at Tandem (pictured above), said: “We want autosavings to change the way people think about saving – rather than thinking of spending as the enemy of saving, you should be saving little and often throughout the month.
“We want our community to continue to shape our banking products with beta programmes like this one – it’s how we know we’re on the right track.”
Matt Ford, product director at Tandem, added: “When we talk to our customers, almost everyone says they want to save more, but struggle getting into the right habits.
“They often just end up feeling guilty about the whole process of saving.
“We’re aiming to make it easy for anyone to make a positive change in their financial life, and this beta test will help us get there.”
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