Tembo Money Cash ISA Advice

NebulaNova

I'm thinking of opening an ISA for this year's tax year with them. Looks to be unlimited withdrawals but not flexible.

Is this similar to Moneybox in how it works? All online and transfers electronically?

Have there been any issues transferring from Tembo to another provider?

Thanks

flaneurs_lobster

Just moved balance from Tembo to Saffron. No delays over the expected week.

All app based, any withdrawals have been within 1 day.

NebulaNova

https://forums.moneysavingexpert.com/discussion/comment/81960013#Comment_81960013

That's reassuring. I've never heard of Tembo. Were you able to fully manage it online, check daily interest? I think the full interest is paid monthly

flaneurs_lobster

https://forums.moneysavingexpert.com/discussion/comment/81960052#Comment_81960052

Not sure I quite understand the desire to check accumulated interest daily but..

I think Tembo has an interest to be paid accumulator - I can't check of course because I've emptied my account there.

The interest is paid monthly.

Peter999_2

I've got a Tembo ISA. Very easy to setup. It doesn't give the daily interest, but like flaneurs_lobster has said, there is a "Value at maturity" line which confirms how much you get at the end of the fixed term.