A Cash ISA is a great solution for savvy savers who want a tax-efficient way to save towards their next big life goal, whether that's a home purchase, a renovation, a wedding or just a rainy day. You can save up to £20,000 each tax year into a Cash ISA without paying any tax on your interest earnings.

But what's so special about ours?

1️⃣ The interest rate

Thanks to our competitive interest rate of 4.8% AER (variable), with the Tembo Cash ISA you'll earn 2.9 times more interest than if you were to save in any of the easy-access, instant Cash ISAs offered by the Big Four banks.

Plus, your interest rate won’t drop after 12 months, when you make multiple withdrawals or when your balance falls too low (unlike other providers).

2️⃣ Easy access to your funds

Have complete control over your funds with unlimited, same-day withdrawals (when requested by 2pm, otherwise funds will land next working day), with no fees, penalties or limits.

3️⃣ The ultimate first-time buyer package

If you’re using a Lifetime ISA to save up for your first home, a Cash ISA can be a useful place to save the other costs associated with buying, like stamp duty, legal costs, and furniture. Because you can't save toward these costs with a LISA.

With a Tembo Cash ISA, you’ll enjoy the same interest rate as our Cash Lifetime ISA, and be able to see all your funds in one place. And, you'll also get access to our award-winning mortgage service, totally fee-free.

4️⃣ Your money is safe & secure

Your funds are protected by the Financial Services Compensation Scheme up to £85,000 and held securely with Bank of Scotland and Barclays. This means your cash belongs only to you, and even if something happened to Tembo, your money is safe and can't be used by us or anyone else.

Learn more here.

Tax treatment depends on individual circumstances and may be subject to change in the future.

Must be 18-39 to open a LISA. Can only be used for first home purchase or retirement. Ineligible withdrawals may return less than paid in.