--- title: "Savings Management Platforms - Market Engagement" ocid: "ocds-h6vhtk-05d4bd" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05d4bd" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05d4bd.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05d4bd.json" source: "Find A Tender Service" current_stage: "Planning" buyer: "DEPARTMENT FOR EDUCATION" published: "2025-10-28" --- # Savings Management Platforms - Market Engagement Buyer: DEPARTMENT FOR EDUCATION Current stage: Planning OCID: ocds-h6vhtk-05d4bd [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05d4bd) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-05d4bd.json) ## Summary The Department for Education is currently in the planning stage of a procurement process titled "Savings Management Platforms - Market Engagement." This initiative is aimed at benefiting the academies sector in England by allowing schools to optimise their financial reserves through improved banking arrangements. The procurement involves services under the "Banking and investment services" industry category, concentrating on saving platforms that facilitate schools putting cash into multiple savings accounts. Interested participants must submit a Request for Information (RFI) by 10:00 am on 10 November 2025. The procurement activities are based in the United Kingdom and are scheduled to transition to a future notice by 18 November 2025. This market engagement presents a significant opportunity for businesses offering banking and investment solutions that cater to educational institutions. Small and medium enterprises (SMEs) and voluntarily, community, and social enterprises (VCSEs) are particularly well-suited to participate, considering the project's focus on innovative and scalable solutions. As there is no contractual relationship with the Department, providers of savings platforms can leverage this opportunity to showcase their solutions and potentially increase their client base among schools, offering them diversified investment opportunities without the need to establish multiple banking accounts. ## Notice The Academies sector in England currently has financial reserves of over PS6bn 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, or any regulations that govern public sector procurement or grant awards. No payment will made by DfE to the signposted Platforms as a result of this exercise. Schools are responsible for making their own decisions around banking and treasury policies. To take part in this opportunity please email Finserv.CATEGORY@education.gov.uk to obtain a Request for Information document. The closing date for submissions is 10:00am on 10 November 2025 ### Planning Information Participants to submit their RFI by email ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/068774-2025 | | Notice type | UK2 - Preliminary Market Engagement Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 28 Oct 2025 | | Submission deadline | Not specified | | Future notice date | 18 Nov 2025 | | Award date | Not specified | | Contract period | 21 Nov 2025 - 21 Nov 2026 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planning | | Lots status | Planning | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | DEPARTMENT FOR EDUCATION | | Locality | LONDON | | Post town | South West London | | Postcode | SW1P 3BT | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | Westminster | | Electoral ward | St James's | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66100000 - Banking and investment services ## Release History - 28 Oct 2025 at 09:10 - Planning - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/068774-2025 ## Documents - https://www.find-tender.service.gov.uk/Notice/068774-2025 28th October 2025 - Preliminary market engagement notice on Find a Tender ## Notice URLs - https://www.legislation.gov.uk/ukpga/2023/54/contents ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05d4bd. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05d4bd.json.