Tender Details

Country: United Kingdom
Summary: Savings Management Platforms - Market Engagement
GBT Ref No: 129006504
Deadline: 11 Nov 2025
Financier: Self Financed
Purchaser Ownership: Government
Tender Value: Refer Document
Notice Type: Tender
Document Ref. No.:
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Description:
The Academies sector in England currently has financial reserves of over £6bn and receives most of its funding from government in advance of spending commitments. Together this provides opportunities for schools to add value from the cash they hold. We, the Department for Education (DfE), are working to help schools improve their banking arrangements, including earning interest on the cash balances schools hold, whilst being mindful of their responsibilities around managing public money. As part of this work, we have identified that 'Saving Platforms' may be a useful solution for some schools. These services enable schools to put their cash into a wide range of savings accounts with multiple banks, without setting up new accounts with those banks themselves, allowing them to benefit from the best deals in the market. The purpose of this market engagement is to invite suppliers of these platforms to complete a Request for Information (RFI) so that we can understand in detail what the various suppliers of these Savings Platforms offer and how they operate. Our intention is to then signpost schools to those we consider to be the most suitable. In return we will be asking suppliers of those Platforms to provide us with regular data to show take-up of their service by schools, and the amount of interest earned. DfE will not itself be entering into contractual relationships with providers of these Platforms and therefore this engagement is not subject to the Procurement Act 2023, o...
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Savings Management Platforms - Market Engagement - Greatbritain Tender

The DEPARTMENT FOR EDUCATION, a Government sector organization in United Kingdom, has announced a new tender for Savings Management Platforms - Market Engagement. This tender is published on GreatbritainTenders under GBT Ref No: 129006504 and is categorized as a Tender. Interested and eligible suppliers are invited to participate by reviewing the tender documents and submitting their bids before the deadline on 2025-11-11.

The estimated tender value is Refer Document, and full details, including technical specifications and submission requirements, are provided in the official tender documents. Ensure all submissions meet the criteria outlined to be considered for evaluation.