We’ll boost your house fund by £300 for free!
Everyone knows saving up for a deposit for your first home is really hard. In fact, on average it takes 10 years to save one up. That’s why at Tembo, we want to help the next generation get on the ladder sooner. Drum roll, please…
Transfer to us by 30th September 2024 to get up to £300 cash back 🎉 🤑
Yep, that’s right. We’re giving all new Tembo customers up to £300 cashback when they transfer over to us by the 30th September 2024. That’s the same as having a 5.05% interest rate (AER variable) for the next year, depending on how much you transfer to us.
Plus, our Cash LISA comes with a market-leading 4.30% interest rate (AER variable). Over 5 years, that's hundreds more in interest growth vs the next best rate on the market. And no introductory rates, no fees.
Kickstart your transfer today
Download our award-winning app to start your transfer over to Tembo.
What’s the catch?
There is no catch! However the offer is only available to eligible customers, and you will need to hold the funds in your account with Tembo for 12 months. The bonus will then be paid to you 12 months after your funds are received by us.
A full guide on how it works can be found here.
Will the cash bonus count towards my annual LISA limit?
No, the Tembo Cash Bonus is considered "Bonus Interest", so it will not count towards your annual £4,000 LISA limit.
How will I get the bonus?
The bonus will land automatically in your Lifetime ISA account 12 months after your funds are received by Tembo. You will need to hold the funds in your account with Tembo for 12 months to qualify for the bonus. If you take the money out before this point, you won't receive the cash bonus.
How much will I get?
The amount you get as a cash bonus depends on how much you transfer over to Tembo from your current provider. The minimum transfer balance to receive the bonus is £5,000.
When will I start earning interest?
As soon as the money arrives in your Tembo account from your old provider, you'll start earning our 4.3% AER variable interest rate. Why would you not switch to the best rate on the market?
Why Tembo?
Well, aside from the cash back deal, no fees and no introductory teaser rates, we also run monthly £1,000 giveaways. Plus, our app is designed to help you reduce your time to buy. Saving tips & tricks, gift links & much more.
Transfer to the market-leading Cash Lifetime ISA
Join the 350,000 others already saving by downloading the Tembo app today
Learn more
Coming soon:
Tembo Cash ISA
We know that your savings goals don’t vanish once you’ve bought your first home, or you might want to deposit more than £4,000 each year. So we’re launching a Cash ISA; so you can save up to £20k each year, tax-free.
FSCS-protected up to £85,000
Tax-free deposits up to £20,000
By signing up to receive updates about our Cash ISA, you will be agreeing to our email marketing consent. This gives us permission to send you marketing communications via email with updates on our Cash ISA, which you can unsubscribe to at any time. Read our Privacy Policy here.
