Instant Access Savings Account
Smart savings, steady earnings
- Build your savings with LemFi Instant Access Savings Account
- Earn 3.85% Gross rate & 3.92% AER on your savings*
- Deposit and withdraw at any time. No penalties
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**Eligible deposits are protected under the Financial Services Compensation Scheme up to £85,000.
Grow Your Savings.
For rainy days, big plans, and things that matter.
Instant Access Savings Account
Save at your own pace directly from your wallet and earn 3.85% Gross rate and 3.92% AER
Deposit as little as £1
Every pound counts. Start building your future with just £1, and enjoy the freedom to save and grow at your own pace.
Withdraw Anytime
Enjoy full access to your savings. Withdraw your money whenever you want with no penalties or fees.
Join 1 million+ satisfied customers and start growing your money on your terms. Save, withdraw anytime, and still earn interest.
Ready to save?
Here’s how it works!
Step 1
Open the LemFi App
Find the Savings feature in the Services section of your LemFi app dashboard.
Step 2
Name Your Goal
Keep it personal, and name your savings after your dream, milestone, or anything else that keeps you motivated.
Step 3
Add Money
Fund your savings account directly from your GBP balance.
Earn interest daily, get paid monthly
Quick note: This is a general example, assuming you don’t add or take out any money throughout the year and there are no changes to the interest rate during the 12 months.3.92% AER (Tracker Rate)
If you deposit
over 12 months, you could earn
+£0.00
Why save with LemFi?
Our savings account offers a highly competitive interest rate with no strings attached – withdraw whenever you need.
Track Your Progress
Create and personalise your LemFi Savings wallet and see how much you’ve saved and earned monthly.
Every Pound counts
Your savings account allows you to save as little as £1 and as much as £250,000. The higher the savings, the greater the interest.
Earn interest daily, get paid monthly
Your interest is calculated daily and paid monthly, so you can watch your savings grow in real time.
All your money needs in one app
Send money home, grow your savings, and manage everything from one secure app. No need to switch between apps
Covered by FSCS
Find out more about how we keep your money safe here ClearBank | FSCS protection.
Eligible deposits held in the LemFi Instant Access Account (powered by ClearBank) are covered by the Financial Services Compensation Scheme (FSCS) subject to eligibility. All eligible deposits at the same bank are aggregated to determine the coverage level for each depositor up to £85,000, therefore if you have any other products/services with ClearBank or one of their eligible intermediaries, these will be aggregated. To find out more and to check your eligibility please visit fscs.org.uk/about-us/
Got questions?
Some of most frequently asked questions.
What is the LemFi Instant Access Savings account? (Powered by ClearBank)
The LemFi Instant Access 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.
The FSCS's compensation limit of £85,000 is per banking licence and as our Instant Access Savings Account is powered by ClearBank, this means the £85,000 limit is shared across all accounts you hold with ClearBank. For example, if you have £80,000 saved in a LemFI Instant Access Savings Account and £20,000 saved in another account powered by ClearBank elsewhere, only £85,000 of your deposits would be eligible for FSCS protection. Read more
Who is ClearBank?
Getting Started with Savings
Eligibility criteria for opening a LemFi Savings Account
See for yourself how easy it is to be in control of your financial life with LemFi.
