Nothing makes us happier at MoneyMagpie than providing people with real solutions to real problems. So we’re delighted to be working with
Tally, a new everyday currency and account designed to help you
fight inflation.
What is Tally?
Tally is a brand new asset-backed digital currency that you can use just like pounds. Every 1 tally in your account represents 1 milligram of physical gold in an actual vault that YOU OWN.
How does Tally
work?
When you transfer pounds into your account, your money immediately buys you LBMA-approved gold, which is 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!
How does Tally get its
value?
Because tally represents physical gold ownership, its value is determined by the price of gold. This means the value of your tally can fluctuate up and down in the short term. But given that gold has historically increased in value in the longer term, so has tally. The same cannot be said for pounds, which have only been able to buy less and less as time has progressed.
How much does a Tally Account cost?
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.
Download the TallyMoney App today to join the thousands of Britons actively fighting inflation and saving for a brighter future. Once you’ve paid your activation fee, we’ll give you 200 free tally (that’s 200 milligrams of gold, free!)* to help you get started.
