Cash ISA from Tembo
Protection
FSCS
Up to £120,000
Min balance
£500
Max balance
£20,000
Access
No access until maturity
Interest paid
Annually
Transfers in
Accepted
Account is app-based, provided by Investec, and open to new deposits up to £20,000 per tax year. FSCS protection covers up to £120,000.
Please verify all details with the provider – for more info read our Disclaimer
Want to know how much interest you will receive with Tembo's Fixed Rate Cash ISA?
Estimated interest
£1,000 saved
£45.50
At 4.55% AER
£5,000 saved
£228
At 4.55% AER
£10,000 saved
£455
At 4.55% AER
£20,000 saved
£910
At 4.55% 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.
Tembo is a mortgage broker, which is why I recommend being slightly careful when opening a savings account with them. Their primary objective is to sell mortgages and savings accounts with attractive rates are a great way into the funnel. That being said, Tembo's Fixed Rate Cash ISA is a very competitive savings account with an attractive interest rate. If you want to withdraw your savings more than once, chose a different provider.
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