Before you apply
- You can take money out at any time, but a 25% government charge applies unless it's for a first home, you're 60 or over, or you're terminally ill. The charge can leave you with less than you paid in.
- Includes a 0.45% bonus for 12 months. After that, the stored rate is 3.55% AER.
What you'd earn in a year
If you save
- Interest at 4.00% AER
- £200.00
- About
- £200.00
Before tax: about £200 a year on £5,000. Above £4,000 needs a transfer in. Information only, not a recommendation.
Is my money safe?
Held across a panel of banks. How this account is protected.
Legal name: Tembo Savings Limited.
Check protection on the FSCS website ↗ (opens in a new tab)Key facts
Money in and out
- Minimum deposit
- £1
- Transfers in
- Yes
- Withdrawals
- Allowed, with a 25% government charge unless it's for a first home, you're 60 or over, or you're terminally ill
- Manage
- App only
Interest
- Rate
- 4.00% AER variable
- Includes bonus
- 0.45% for 12 months
- Rate after bonus
- 3.55% AER
- Paid
- Not yet checked
Who can open it
- ISA
- Lifetime ISA · not flexible · transfers in
New money limited to the £4,000 yearly Lifetime ISA allowance. That counts towards the £20,000 yearly ISA allowance.
Source: tembomoney.com · Last verified 17 Oct 2026, 09:38 UK time
Rate history
We started tracking this account on 14 Oct 2026. Further changes will show here.
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Cash Lifetime ISAMoneybox · app only4.75% AERCash Lifetime ISAPlum · app only4.69% AERSee all lifetime isa accounts →A cash Lifetime ISA can include a 25% government bonus. A 25% withdrawal charge applies if you take money out other than for a first home, from age 60, or if you're terminally ill. The bonus is not included in the AER. This is information, not a suggestion to open one.
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