Inflation happens when more money is created. Like when banks give out credit and when the government decides to print more pounds. Because tally is backed by physical gold you own, it cannot be devalued by creating more out of thin air. Its value is determined by the price of gold, which fluctuates (up and down), but has historically proven to increase in value in the longer term.
When you transfer pounds into your account, your money immediately buys you LBMA-approved gold, securely vaulted in Switzerland on your behalf. Your gold is then denominated in ‘tally’ in your online account, which you can save or instantly spend using the app and Tally Debit Mastercard!
Unlike banks that profit from hidden fees, high-interest charges, and risky lending practices, Tally’s fee structure is simple. There’s a one-off account activation fee of £19 and an annual account keeping fee of 0.9% (calculated daily, charged monthly)—a small price to pay to protect the long-term value of your hard-earned money.