To open a Cash ISA with Tembo, you can follow a straightforward process, given that it is designed to be user-friendly and accessible.

1. Eligibility Requirements: You need to be a UK tax resident aged 18 or over, and your home address must be located in the UK. Additionally, having an email address is necessary for the registration process, as highlighted in the Cash ISA Key Features Document.

2. Opening the Account: You can easily open a Cash ISA online or via the Tembo app. There is a minimum deposit requirement of just £10 to start your account and you can benefit from a competitive interest rate of 4.8% AER (variable) with no penalties for easy access withdrawals. Detailed information and the link to open an account can be found on the Tembo website.

3. Rewards and Incentives: Tembo occasionally offers incentives for new customers. Currently, new account holders can receive a reward ranging from £15 to £250 for opening a Cash ISA or a Lifetime ISA (LISA). To qualify for this, you need to sign up using the Tembo app, which is discussed in community forums like Reddit.

Overall, opening a Cash ISA with Tembo is a straightforward process, and the combination of a low minimum deposit and a competitive interest rate makes it an attractive choice for individuals looking to save tax-free.

Sources

Tembo Cash ISA 4.8% AER | 3.1x Interest Than Big 4 BanksWhat Is A Cash ISA? Can You Get One? | Tembo blog£15-£250 for Opening a Cash ISA or LISA with TEMBO - Reddit[PDF] Cash ISA Key Features Document v1.6Open your new 4.8% Tembo Cash ISA today - FacebookTembo referral link - for opening a Cash ISA or LISA - RedditOpen your new 4.6% Tembo Cash ISA today - Facebook

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