Protection
FSCS
Up to £120,000
Min balance
£1
Max balance
£4,000
Access
Age 60+ or first home
Interest paid
Monthly
Transfers in
Accepted
25% withdrawal penalty - Funds can only be withdrawn penalty-free to buy your first home (property must cost £450,000 or less) or from age 60. Withdrawing for any other reason incurs a 25% government charge, equivalent to losing 6.25% of your own money.
The Rate You'll Get
Learn more about TemboNew customers
Bonus4.00%
AER
Includes a 0.45% boost for 12 months
Standard rate (after 12 months)
3.55%
AER
Who Is This For
- New customers of this provider
- Savers happy with a £4,000 cap
Additional Info
App-only account. The government adds a 25% bonus on contributions up to £4,000 per year - worth up to £1,000 annually. You must have held the LISA for at least 12 months before using it towards a first home. Particularly well-suited to first-time buyers as Tembo also offers mortgage advice. For full eligibility rules and first-time buyer conditions see our ISA Guide.
Please verify all details with the provider – for more info read our Disclaimer
