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Yomo Community

We're fixing saving. 3% interest rate. Easy access. Start from £100 with no maximum. No lock ins. No fees and no tricks.

Yomo Community / News and Updates

Why we're building Tplus

Why we're building Tplus

Yomo Community / News and Updates · August 14, 2018 at 3:02pm(Edited 1 month ago)
It's time to stop accepting crap interest rates.
We were all told as kids that we should put our savings somewhere safe. Somewhere they could grow. Not to leave them under the mattress to lose value as inflation kicks in. It was pretty simple: put the money in the bank and watch it grow.
But then everything changed. The 2008 financial crisis led to historically low interest rates. Suddenly, those living within their means watched their savings get slowly but steadily wiped out by inflation.
Today, the only way to get a decent interest rate is to sign up for introductory offers - pretty useless as they run out after a year and are only for small balances - or lock funds away for a long time. Even then, the best rates are still only around 2%.
We’re sick of low interest rates. We’re sick of savings getting eroded by inflation. We’re sick of savers getting a raw deal.
And we've decided to do something about it.
We've decided to re-think how savings work.
We've decided it’s time to fix saving.
Tplus. We’re fixing saving.
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