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Using Lemfi for savings. Any feedback please

Hi, recently Which recommended LemFi for a great (clean) EA savings rate - 5% inc. bonus - via their App. FSCS protection by Clearbank.
Does anyone on here have any experience of them please ? I'd like to place quite a lot of money with them. Cheers. Joe

Comments

  • k12479
    k12479 Posts: 827 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker

    Limited experience. Opened an account and funded it, which was fairly standard i.e. quick and easy.

    There are daily and weekly limits for transferring money in (and out), £10k daily, £20k weekly, I think, which makes it of limited use for me.

  • flaneurs_lobster
    flaneurs_lobster Posts: 10,792 Forumite
    10,000 Posts Seventh Anniversary Photogenic Name Dropper

    Similar - opened, funded, withdrawal - all easy enough.

    Note that the 5% rate is only for 6 months.

  • cannonballdaze
    cannonballdaze Posts: 79 Forumite
    Part of the Furniture 10 Posts Combo Breaker

    Thx both, I'll give it a go once I've passed their account opening hurdles. Cheers - Joe

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