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

WillPS

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

Tembo have improved their rate again to 4.8%: https://www.tembomoney.com/savings/lifetime-isa-cash

VNX

FSCA protection?

masonic

VNX said:

FSCA protection?

No, but it is FSCS protected, which I believe is better.

VNX

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

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

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

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.