Just received an email from Tandem about them taking over a lender, Oplo:
We are pleased to announce that Tandem is completing the purchase of a consumer lender called Oplohttps://www.myoplo.co.uk/. You may see this mentioned in the media. We have also announced this on our website https://www.tandem.co.uk.
You do not need to do anything There is no change to your terms and conditions with Tandem. Your interest rate and the contact channels you have for us remain the same. If you have savings with us, they remain safe and protected, subject to financial limits, by the Financial Services Compensation Scheme.
If you have any questions, please get in touch with us via the in-app chat, using [email protected] or call on 0203 3700 970.
Great news! We’re just about to increase the interest rate on your Instant Saver to 1.24% gross / 1.25% AER, and we can’t wait to help you save and hit your money goals.
We’ll apply this higher rate to your account automatically, so you don’t need to do anything and you don’t need to contact us. Your account will update and you’ll see your new rate in the app by the end of the day on Monday the 23rd May 2022. Happy saving.
UPDATE
Email from Tandem, 8 Jul 2022:
*Great news! We’re just about to increase the interest rate on your Instant Saver to 1.34% gross / 1.35% AER, and we can’t wait to help you save and hit your money goals. *
We’ll apply this higher rate to your account automatically, so you don’t need to do anything and you don’t need to contact us. Your account will update and you’ll see your new rate in the app by the end of the day on Friday the 08th July 2022. Happy saving.
Footnote: Could not add it to the Tandem thread as apparently I am the only one who has posted there recently and forum does not allow multiple posts from same source
Thank you! It was more about the linked account, but I can’t see the “head shot” that they are referring to!? Do they just mean the generic account and settings, as if so that shows all of my linked accounts not the one linked to the fixed account specifically.
The reason I’m asking is because with my first fixed saver I actually removed all account links on my Tandem account apart from one & assumed that meant my interest would go there. The chat agents even said this, but later on it turned out that fixed saver was still linked to an account I removed as I funded it from there originally. You ought to be able to see that detail specific to each fixed saver
It does appear that the interest for each account is paid to the current account that funded it, by default.
That is the case with all three of mine.
I have FIVE linked accounts, but nothing was sent to the other four.
The headshot icon, referred to before, does indeed just take you to a list of options, one being to view your connected accounts. As we have established, that does NOT mean that any interest will be paid to one of those, unless it was the funding account.