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Why don’t I earn interest on my Tally account?

Sally

Banks savings accounts and ISAs offer interest, so why doesn’t TallyMoney? Great question.

If you’re used to traditional banks, you might be on the hunt for places to store your money that offer the best interest rates. And why not? Interest helps your savings grow right?

Well, here’s the reality.

The interest rates offered by banks are barely enough to keep up with inflation.

TallyMoney isn’t a bank. It offers something fundamentally different.

The problem with “earning interest”

Let’s take a closer look at how traditional banking actually works.

Legally speaking, when you deposit money into a bank you don’t own it anymore, the bank does. You become an unsecured creditor of the bank, which means:

  • The bank can lend your money out
  • Your money can be exposed to risk
  • The bank can (and often does) restrict you from accessing your money

So what do you get in return?

Drumroll…

A meagre interest of, at best, 5% per year.

And with inflation hovering at around 3% per year, the pounds you’re holding in your bank savings or ISA account are barely making you a return in real terms at all.

TallyMoney is fundamentally different

TallyMoney offers you an alternative to this broken fractional reserve banking system.

Instead of depositing pounds into a bank, you’re able to build your savings in gold. Real, physical, LBMA-accredited gold.

So how is this different from storing your savings in pounds? Well, with TallyMoney:

  • You own your money 100% outright
  • Your gold is never lent out
  • Your access is never restricted

And instead of earning modest interest rates, TallyMoney lets you take advantage of gold’s capital growth. Your savings move in line with the price of gold.

And gold is growing. In fact, its price has:

  • More than tripled in the last 10 years
  • Nearly doubled in the last 2 years
  • Grown by nearly 50% in the last year alone

Compare that to what your bank can offer you in interest.

The truth is banks simply can’t compete with gold because inflation is destroying the value of the pound (along with other fiat currencies) and making the price of assets like gold grow over the long term.

The inflation problem

Let’s take a closer look at how inflation minimises the returns you get from interest.

If inflation is running at, say, 3%, and your savings account offers 5% interest, your real return is only 2%.

And what about when inflation inevitably rises? Does your bank adjust the interest rate to make up the difference? Didn’t think so.

The reality is inflation is not accidental. It’s a stealth tax that allows governments to dilute national debt and fund reckless spending initiatives, all the while making regular people poorer over time.

Gold is different. It is a globally recognised asset with a limited supply.

When inflation and money printing are rampant, as they are today, the purchasing power of the pound falls and the price of gold tends to rise.

That’s why more people are turning to gold, not for yield, but for long-term wealth preservation and capital growth.

The choice is clear

Whilst traditional banks are still a useful place to hold disposable pounds, the question more and more people are asking is whether they’re the best place to build their savings.

And in the age of inflation and money printing, TallyMoney offers you a clear choice:

Option 1: Traditional banking

  • You hand over legal ownership of your savings to the bank
  • The bank lends it out without your permission
  • You earn a small amount of interest
  • Whilst inflation makes your pounds weaker and weaker

Option 2: TallyMoney

  • You own your money 100% outright
  • Your savings are held in real, LBMA-accredited gold
  • Your money is never lent out
  • Your savings grow in line with the gold price

So rather than earning a small percentage in interest, your savings have the potential to grow with an asset that is outpacing inflation and interest rates significantly.

And as inflation and money printing erode the value of the pound, the capital growth you can earn from gold could far outperform the interest rates offered by banks.

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Real World Examples

  1. Fancy a coffee? Use your TallyMoney Mastercard. Boom – paid. (Yes, you’re buying a flat white with gold. How amazing is that?)
  2. Need cash? Use any Mastercard ATM worldwide or spend across the globe. ZERO fees from us, ZERO markup. (When you spend or withdraw, your gold converts instantly at the global spot price. No catches, no hidden charges – just straight-up Mastercard exchange rates. Because your money shouldn’t cost you… more money.)
  3. Want some money back in your bank? Just tap ‘transfer’ in the app. (Though after a while, you might wonder why you’d want to…)

    Zero faff. Zero waiting. Zero fees when you spend tally.

Meet Cameron Parry

Meet the guy who wouldn’t accept being trapped in a ‘heads they win, tales we lose’ government-run monetary system that protects and benefits the financial institutions, to the detriment of the public. Where people’s deposits are constantly at risk, and losing value through inflation caused by central bankers and politicians.

If necessity is the mother of invention, then frustration may be the roommate’s cousin of motivation. In any case, he decided to stop getting mad and start a new monetary system with sound money. Where deposits serve the depositor, where savings build wealth for savers, and transactions are made in a familiar way. And he called it TallyMoney.

TallyMoney: Gold upgraded

With TallyMoney:

  • Your pounds instantly become physical gold (1 tally = 1mg of real gold)
    Stored in Swiss vaults (not under your bed)
  • Fully insured and allocated (actually yours, not a paper promise)
  • Spend it anywhere with your TallyMoney debit Mastercard
  • Transfer back to pounds instantly if needed (but why would you?)

We’re not anti-bank because it’s trendy. We’re anti-bank because the current system is rigged against you. Every day you leave money in a “savings” account, you’re funding their profits while your wealth evaporates.

Enter gold: the original currency

Why gold? It’s value is universally acknowledged.

  • It’s not controlled by any single government
  • It can’t be printed or manufactured
  • It’s actually scarce 
  • It requires effort to extract it 
  • It doesn’t rust, decay, or disappear
  • It has remarkable properties

So while the pound’s lost 50% of its value since 2004, gold’s grown by 146% in the last decade alone. While your bank savings got mugged by inflation, gold owners were laughing all the way to… well, not the bank.

But here’s the rub: Traditional gold ownership is a right pain. Buy physical bars? Prepare for storage fees that’ll make your eyes water, insurance premiums that never end, and a 5-10% haircut when you need to sell. Plus, try buying your weekly shop with a gold ingot.
Paper gold ETFs? They’re classed as Tier 3 assets for a reason – that’s financial speak for “risky as hell.” You don’t own gold, you own a promise. A tradeable IOU. And when everyone wants their gold at once? Good luck with that. So you’re stuffed either way: real gold that’s impossible to use, or fake gold that might not be there when you need it.
Until now.

The truth about inflation

How? Well, when politicians overspend (and they invariably do), they need more money to ‘stimulate the economy’. But raising taxes makes voters angry. So what do they do? They fire up the money printer, and boy do they love to print. To give you a sense of the scale, since 2015 the Bank of England has created £520bn out of thin air through “quantitative easing” (electronic money printing) plus £86bn in physical currency. 

Thing is, more pounds in circulation = each pound is worth less. Think about it: In 2004, £100 could buy you a decent night out, theatre tickets, and a cab home. Today? That same £100 barely covers the theatre tickets. Your money didn’t disappear – it was diluted, like someone’s been topping up your whisky with water when you weren’t looking.

The “2% inflation target” they bang on about? That’s them telling you they plan to steal 2% of your wealth every single year. And calling it healthy.

How TallyMoney actually works?

  1. First things first: we’ve got actual gold bullion* (none of that paper-promise nonsense) locked up tight in a Brinks vault in Switzerland. Yeah, those Brinks – the security legends who’ve been protecting valuables since Queen Victoria was on the throne.
  2. You send your pounds to your TallyMoney account (bye-bye, inflation-addicted fiat!).
  3. We use the global gold spot price to instantly turn your currency into its weight in gold. No hidden or fuzzy exchange rates, just the real market gold price + 1.49% gold purchase fee.
  4. Each milligram of your physical gold = 1 tally (we keep it decimal because no one wants to faff about with troy ounces – the specific unit for measuring gold).
  5. That’s it! Your app shows your balance in tally, but remember – those aren’t just numbers on a screen. That’s your solid gold, in milligrams, sitting pretty in Switzerland.
  6. You can now save and spend your gold as you see fit.

*All Tally gold is sourced from LBMA-accredited providers because we’re rebels with a cause… and standards. Instead of tracking the gold price per kg, your money is directly converted based on the real-time global gold spot price.

TallyMoney is real money

  1. Store of value
    Your gold sits in a Swiss vault (not getting ‘quantitatively eased’ away)
    Evidenced by 5,000 years of holding its value
    Can’t be inflated by government whim and fingers on the ‘currency print’ button
  2. Medium of exchange
    Spendable at 150+ million shops worldwide (thanks, Mastercard)
    Currency converts instantly at market rates (no sneaky margins)
    Moves as quickly as sending a text 
  3. Unit of account
    1 tally = 1mg of gold. Simple
    Stable enough to actually plan your future with
    Speaks every currency’s language (gold’s kind of a big deal everywhere)

This is why TallyMoney is so much more than just owning Gold – it’s a real financial revolution. We’re not just helping you own gold; we’re bringing back what money was always meant to be. Sound Money for a Brighter Future. Because your hard work and wealth deserve better than being slowly robbed by external forces.

We want you to have real money

  1. A store of value:
    Keeps its value over time
    Insulated from devaluation/inflation
    Actually rare and can’t be created out of thin air
  2. Medium of exchange:
    Easy to use for everyday transactions
    Widely accepted
    Can be transferred efficiently
  3. Unit of account:
    Works like a proper value-measuring stick (imagine if your ruler shrunk every year – mad, right?)
    Splits nicely into useful bits
    Reliable enough to plan your future with

Why does this matter? Because your hard work deserves better than being turned into monopoly money by someone else’s actions. Every time your currency loses value (inflation) its stealing from your past work, which harms your present savings, and your future dreams.