We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

'Nude' LISA changed to 'Tembo' with 4.3% rate!

13»

Comments

  • WillPS
    WillPS Posts: 5,504
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    Forumite
    WLewer98 said:
    Tembo state on their website '4.75% AER (variable) with no drop-off after year one'.

    Does this mean I would be guaranteed 4.75% on my LISA balance for at least a full year?
    No, it's a variable rate. What they are clumsily pointing to is the fact that unlike their main competitor the headline rate doesn't include a time limited (possibly once per lifetime?) bonus.
  • WillPS
    WillPS Posts: 5,504
    Part of the Furniture 1,000 Posts Newshound! Name Dropper
    Forumite
    Tembo have improved their rate again to 4.8%: https://www.tembomoney.com/savings/lifetime-isa-cash
  • VNX
    VNX Posts: 475
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Forumite
    FSCA protection?
  • masonic
    masonic Posts: 30,849
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Forumite
    VNX said:
    FSCA protection?
    No, but it is FSCS protected, which I believe is better.
  • VNX
    VNX Posts: 475
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Forumite
    masonic said:
    VNX said:
    FSCA protection?
    No, but it is FSCS protected, which I believe is better.
    When I searched on the FSCS website it said savings not protected 
  • masonic
    masonic Posts: 30,849
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Forumite
    VNX said:
    masonic said:
    VNX said:
    FSCA protection?
    No, but it is FSCS protected, which I believe is better.
    When I searched on the FSCS website it said savings not protected 
    Which of the partner banks they use do you think lacks protection?
  • VNX
    VNX Posts: 475
    Part of the Furniture 100 Posts Name Dropper Combo Breaker
    Forumite
    masonic said:
    VNX said:
    masonic said:
    VNX said:
    FSCA protection?
    No, but it is FSCS protected, which I believe is better.
    When I searched on the FSCS website it said savings not protected 
    Which of the partner banks they use do you think lacks protection?
    Which partner bank should I search for? I searched for tembo 
  • masonic
    masonic Posts: 30,849
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Forumite
    VNX said:
    masonic said:
    VNX said:
    masonic said:
    VNX said:
    FSCA protection?
    No, but it is FSCS protected, which I believe is better.
    When I searched on the FSCS website it said savings not protected 
    Which of the partner banks they use do you think lacks protection?
    Which partner bank should I search for? I searched for tembo 
    For the cash LISA and cash ISA products, the money is held with Barclays or Bank of Scotland.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 355.8K Banking & Borrowing
  • 254.9K Reduce Debt & Boost Income
  • 456.2K Spending & Discounts
  • 248.3K Work, Benefits & Business
  • 606K Mortgages, Homes & Bills
  • 179K Life & Family
  • 263.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture