Savings Management Platforms - Market Engagement
Buyer: Department for Education
- Published
- 28 October 2025
- Estimated value
- £0
- Place of performance
- UK
- Lots
- 1
- Notice number
- 068774-2025
- Reference
- ocds-h6vhtk-05d4bd
- Official source
- Official source
CPV codes
- 66100000Banking and investment services
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 …
Official publications
- FTS · 068774-2025 · 28 October 2025
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Frequently asked questions
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- The estimated value published by the buyer is £0.
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- The contracting authority is Department for Education (United Kingdom).
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