Tandem Bank Adds Automatic Savings Feature to Accounts

The challenger bank has introduced a new savings account which has an Autosavings feature; it is a flexible account built on Tandem’s existing aggregation app and offers .5% interest; the account will automatically save money based on spending habits by leveraging a spending algorithm and various rules; one of the rules is round up which saves change from the Autosavings account and another is called “Safe to Save” which calculates how much a user can save and uses machine learning; TechCrunch shares more about the new offering in an interview with Tandem’s Matt Ford. Source