Tembo’s Easy Access Cash ISA is designed to do more than just pay interest on your savings. Alongside a competitive 3.8% AER (variable) and flexible withdrawals, the account comes with fee-free mortgage advice for savers, positioning it as a home-buying focused ISA rather than a simple savings pot. In this review, we look at how the Tembo Cash ISA works, what it costs, and whether its rates and added perks make it a good option for UK savers.
Tembo Cash ISA Review: 3.8% Easy Access Savings With Free Mortgage Advice
Summary
Tembo is a UK savings and mortgage platform focused on helping people save for a home while offering integrated mortgage support. Its Easy Access Cash ISA pays 3.8% AER (variable) with unlimited withdrawals, monthly interest and the ability to save up to £20,000 per year, while savers also get fee-free mortgage advice from Tembo’s award-winning brokerage. The app is used by over 400,000 savers, offers UK-based support seven days a week, and all savings are FSCS-protected up to £120,000. Alongside the Cash ISA, Tembo offers a 1-year fixed ISA (4.14% AER), a HomeSaver account paying up to 5.5% AER (with a bonus unlocked when you take a mortgage), and Lifetime ISAs with a 25% government bonus, positioning itself as a combined savings and home-buying support platform.
Pros
- Good interest rates
- Easy access
- Connected to a mortgage broker
Cons
- Not a flexible ISA
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Pricing
(4.5)
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Flexibility
(5)
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App & Platform
(5)
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Customer Service
(4.5)
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Research & Analysis
(4)
Overall
4.6
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
Under Richard’s leadership, the Good Money Guide has evolved into a valuable destination for comprehensive information and expert guidance, specialising in trading, investment, and currency exchange. His commitment to delivering high-quality insights has solidified the Good Money Guide’s standing as a well-respected resource for both customers and industry colleagues.
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