Using Lemfi for savings. Any feedback please

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82122253#Comment_82122253

Thank you for some interesting and useful observations and insights.

Obviously Lemfi totally pointless for heavy 6 figure savers accustomed to moving their funds around at will.

However, arguable such savers were not envisaged to be part of Lemfi's original target market in any event, and as also observed by @flaneurs_lobster their savings account likely an add on to their primary credit business -

https://www.fintechfutures.com/financial-inclusion/exclusive-lemfi-rolls-out-savings-accounts-for-uk-immigrants