Question 1

What is the LemFi Flexible Savings account (Powered by ClearBank)

Accepted Answer

The LemFi Flexible Savings account is an instant-access savings account available exclusively in the United Kingdom with no fees, paying 3.92% AER (tracker rate)* on deposits. Your eligible deposits are protected by the FSCS up to a total of £85,000 across all ClearBank-powered accounts you hold, even through other services. Read more “Read more FSCS protection information .

Question 2

Getting Started with Savings

Accepted Answer

LemFi Savings is currently available exclusively in the United Kingdom in GBP for personal accounts to all customers, whether new or existing, without any fees for opening or managing these accounts. Please note that LemFi does not offer joint accounts at this time. If you are a new customer, you will need to provide sufficient personal information, including your name, address, date of birth, and a valid identity document.

Question 3

Eligibility criteria for opening a LemFi Savings Account

Accepted Answer

You are 18 years or older You’re a resident of the country where your LemFi account is registered and also hold tax residency there. If you are applying for a savings product in the United Kingdom, you must be a tax resident of the United Kingdom (excluding the Channel Islands). You need to have a valid identity document

Question 4

Are there any minimum or maximum deposit amounts?

Accepted Answer

There’s no fixed minimum or maximum for each deposit, but your savings account lets you hold between £1 and £250,000. Keep in mind that deposits go through your LemFi currency account, which may have its own transaction limits. For more information, visit our Savings T&Cs .

Question 5

What is a tracker rate?

Accepted Answer

Understanding LemFi's tracker rate that you see on the app LemFi Savings offers a tracker rate, which means your interest rate automatically follows the Bank of England Base Rate. Currently, we offer 3.66% AER (tracker rate), which moves up or down in line with changes to the Bank of England Base Rate.

Question 6

How does a tracker rate work?

Accepted Answer

Your savings rate automatically adjusts when the Bank of England changes the Base Rate Rate changes happen immediately after Bank of England announcements No surprises - you can see upcoming rate changes by following Bank of England communications Transparent pricing - our rate is always tied to the official Base Rate

Question 7

Tracker rate vs Variable rate - what's the difference?

Accepted Answer

Tracker rate: Automatically follows the Bank of England Base Rate - when it goes up or down, so does your savings rate Variable rate: Can be changed at the provider's discretion at any time, regardless of what happens to official rates

Question 8

Why choose a tracker rate? With a tracker rate, you benefit from:

Accepted Answer

Transparency - you know exactly what drives rate changes Immediate updates - your rate improves as soon as the Bank of England raises rates No guesswork - rate changes are based on official Bank of England decisions, not our business decisions

Flexible savings account

Build your savings with LemFi’s Flexible Saver
Earn up to 3.66% AER on your savings
Withdraw your money at any time. No penalties

Grow Your Savings.

For rainy days, big plans, and things that matter.

Instant Access Savings Account

Deposit as little as £1

Withdraw Anytime

Ready to save?

Here’s how it works!

Step 1

Open the LemFi App

Step 2

Create your Savings Pot

Step 3

Add Money

Why save with LemFi?

Covered by FSCS

Got questions?

Some of most frequently asked questions.

See for yourself how easy it is to be in control of your financial life with LemFi.