Right now, when you save into a Tembo Cash Lifetime ISA, or our Cash ISA the interest rate is 4.8% a year, which could go up or down in the future (in finance jargon, that’s 4.8% AER variable). This is currently the market-leading interest rate for Cash Lifetime ISA, excluding introductory periods. This means over 5-years, you'll save hundreds more versus the next best product on the market from any of our competitors.
We increased the rate to 4.8% AER (variable) on 14th January 2025, our third increase in less than a year, against a backdrop of Bank of England base rate cuts. This new rate of interest applies to all your funds held in a Cash Lifetime ISA or Cash ISA from 14th January 2025 onward.
Wondering who Tembo are and what happened to Nude? Get the lowdown on our exciting acquisition here.