Is Tembo still good for instant access CISA?

MikMikandThriceMik

Looking to use another place this new tax year for more cash savings.
Already gave Trading212 but don't want to put all my eggs(money) in one basket.

Tembo looks like another high interest CISA place to deposit so what do people think?

Thank you.

slinger2

Difficult to tell so far since it's only been available for a short period. It's not "flexible" which may be an issue for some.

friolento

I like the Tembo ISA, though am a little disappointed that they have paused transfers-in. It seems lots of other people also like it.

But they aren't paying the best rate just now, so you might want to consider some others for now.

PS. I presume by CISA you mean cash ISA.

MikMikandThriceMik

I went with it anyway. I like the unlimited instant withdrawals without penalty, like T212.

Thank you all 

allegro120

friolento said:

I like the Tembo ISA, though am a little disappointed that they have paused transfers-in. It seems lots of other people also like it.

But they aren't paying the best rate just now, so you might want to consider some others for now.

PS. I presume by CISA you mean cash ISA.

My transfer shows as "in progress... typically complete within 1-2 weeks".  I've initiated transfer on 1st April, it will be interesting to see how long it will take.

I like the product and the app. Paying in is straight forward as expected, the rate is good and they are specific on where they money is held.  I'm not interested in withdrawals, but may want to transfer out if the rate drops - I couldn't find any info on this topic (common problem across investment platforms offering savings accounts).  I guess I will have to find out when it comes to it. 15% of my 2025/6 allowance is in Tembo at least for now.   

sammy_zammy

MikMikandThriceMik said:

I went with it anyway. I like the unlimited instant withdrawals without penalty, like T212.

Thank you all 

It might be unlimited instant withdrawals without penalty, but it isn’t “like T212” in that it’s not flexible.

FLAMPARD

allegro120 said:

friolento said:

I like the Tembo ISA, though am a little disappointed that they have paused transfers-in. It seems lots of other people also like it.

But they aren't paying the best rate just now, so you might want to consider some others for now.

PS. I presume by CISA you mean cash ISA.

My transfer shows as "in progress... typically complete within 1-2 weeks".  I've initiated transfer on 1st April, it will be interesting to see how long it will take.

I like the product and the app. Paying in is straight forward as expected, the rate is good and they are specific on where they money is held.  I'm not interested in withdrawals, but may want to transfer out if the rate drops - I couldn't find any info on this topic (common problem across investment platforms offering savings accounts).  I guess I will have to find out when it comes to it. 15% of my 2025/6 allowance is in Tembo at least for now.   

Do they backdate interest to first day paid in ?
if not you will have lost 7 days interest …. Just wondering