From 9th February 2024, the standard Tembo Cash Lifetime ISA is free for new customers, with no account fee. The Tembo Stocks & Shares ISA has an annual fund fee of 0.35%.
Customers who were paying a £2 monthly fee prior to 9th February will continue to pay a fee unless otherwise arranged, and have been automatically upgraded to our Tembo Plus offering.
Tembo Plus is scheduled to come with a range of benefits. Initially this will include an exclusive, higher interest rate, reduced stocks & shares fee, free award-winning mortgage and insurance advice (worth up to £749). Later in the year, Tembo Plus customers will also get free access to an AI-driven money coach, and other premium tools to help you buy sooner.
Tembo Plus will be charged to new users at £5 per month. Customers who were paying a £2 monthly fee previously will remain on £2 - a 60% saving.
If you're an existing customer and would prefer to stop your monthly payments and move onto the standard plan, please contact email@example.com. Please be aware that if you then decide to return to Tembo Plus you will be charged the full fee of £5 per month.
Investing is risky business
If you open a Tembo Stocks & Shares Lifetime ISA, please be aware that the value of your investment could go up as well as down. You could get back less than you put in, which means it would take you longer to buy your first home. Past performance is not necessarily a guide to the future and investing is not intended to be a short-term option. We can’t and don’t provide financial advice, so please be sure that investment risk is right for you.