Lemfi Savings Account Review5.00% AER (Sep 2026)

Easy Access from Lemfi

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Protection

FSCS

Up to £120,000

Min balance

£1

Max balance

£250,000

Access

Instant

Interest paid

Monthly

The Rate You'll Get

Learn more about Lemfi

First 6 months

Boosted

5.00%

AER

Includes a 1.96% boost for 6 months

Standard rate (after 6 months)

3.04%

AER

Who Is This For

New and existing savers
Those wanting easy access
Savers happy with a £250,000 cap

Additional Info

LemFi is primarily a money transfer app. The savings account is a secondary product powered by ClearBank.

Please verify all details with the provider – for more info read our Disclaimer

Calculate your tax liability for this accountSee what you might pay on the interest from Lemfi's Savings Account.

Estimated returns with Lemfi's Easy Access

Want to know how much interest you will receive with Lemfi's Savings Account?

Estimated interest

£1,000 saved

£50.00

At 5% AER

£5,000 saved

£250

At 5% AER

£10,000 saved

£500

At 5% AER

£250,000 saved

£12,500

At 5% AER

Estimated over one year, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.

Our Expert Opinion on Lemfi Savings Account

Lemfi's Savings Account pays 5.00% right now, but that headline rate is made up of a base rate of 3.04% plus a 1.96% boost that only lasts for the first six months, so the real long-term rate you should plan around is the lower base figure. I would treat this as a decent short-term home for cash rather than a permanent savings spot, and once the boost expires I would shop around again. If you want a clean 5.00% without a temporary boost structure, Cahoot's Sunny Day Saver and Spring's Accelerate Saver are both worth comparing at the same rate.
Jonny Pease (Co-Founder)DepositScout