Save up to £4,000 per tax year in our Cash Lifetime ISA that comes with a market-leading* 4.3% AER interest rate (variable). Plus, get a 25% government bonus of up to £1,000 per tax year to boost your first home deposit or retirement pot. Download our app and start by adding just £1.
Transferring to our market-leading LISA is easy, and over 5-years that simple switch would increase your deposit by hundreds versus the next best available rate. Plus, we’ll have your money transferred in as little as 2-6 weeks. Based on saving £4,000 at the beginning of each year for 5-years.
Rated ‘Excellent’, multi-award winning and trusted by thousands to make home happen. Tembo is also backed with investment from Aviva.
We are authorised and regulated by the Financial Conduct Authority. Your financial wellbeing is our top priority.
Up to £85,000 of your money is eligible for protection under the Financial Services Compensation Scheme.
We encrypt and protect all data with banking-level security to keep you and your money safe.
A Lifetime ISA is a smart way to save a deposit for your first home faster. You can open a new account if you’re between 18-39. Already have a LISA? Switch to our market-leading Lifetime ISA in under 5-minutes.
Why use a Lifetime ISA?
£1,000 annual bonus: Contribute up to a maximum of £4,000 each tax year and you’ll get a 25% bonus. Or £1 extra for every £4 saved.
Tax-free benefit: The money you save or invest, plus the interest or investment gains are totally tax-free.
Save over the long-term: You can keep paying in until you turn 50, and receive a maximum bonus of £32,000.
Save or invest: Depending on your risk appetite and timeline to buy, you can choose a Cash LISA or a Stocks & Shares LISA.
Here’s a snapshot of what our app and service can do for you.
After 5-years, you could get hundreds more in your pocket versus the next best rate on the market. That’s because the Tembo Lifetime ISA comes with a market-leading 4.3% AER (variable) with no drop-off after year one.
Sign-up to our app to kickstart saving for your first home, or transfer your funds over to us. You have to have your Lifetime ISA open for 12-months before you can use it to buy, but that timer doesn’t reset if you switch to Tembo. Once you’ve signed up, we’ll have your money transferred in 4-6 weeks.
We’ll show you your time to buy when you sign-up to Tembo. Then, we’ll give you all the tips and guidance you need to reduce that timeframe. From AI-driven insights into your spending to smart mortgage solutions that boost affordability by an average £82,000.
As well as our Lifetime ISA, Tembo offers a mortgage service and was voted the UK’s Best Mortgage Broker by its customers two year’s running. When you’re ready to buy, you’ll be allocated your own dedicated buying team, to get you the best mortgage deal.
Install the Tembo LISA app today and start the countdown to buying your first home.
There are two options when you open or transfer in a Lifetime ISA - you can choose to save or invest your money. Investing involves both more risk and more potential reward, but is generally better suited for people looking to save for the long-term.
Save into a cash account and we'll hold the money on your behalf with our partner banks
Get a 25% government bonus on your cash savings, up to £1,000 each tax year
Earn 4.3% AER (variable) interest on the total balance of your account
Your account needs to be open for 12-months before you withdraw your funds.
Bonus and interest are tax-free
Eligible for FSCS-protection up to £85,000.
30 days notice required for eligible withdrawals to buy your first home or for retirement.
Lifetime ISA transfers accepted. Help to Buy ISAs can be withdrawn and deposited.
If you withdraw money for an ineligible reason, or before 12-months have passed since you opened it you’ll pay a 25% penalty to the government. This means you’ll get back less than you put in.
45 days notice required for ineligible withdrawals
Invest in the BlackRock MyMap 5 Select ESG (ethical, sustainable and governance) Fund.
Get a 25% government bonus on the money you invest, up to £1,000 each tax year.
You don't earn a fixed rate of interest, instead you invest into assets that can go up or down.
Your account needs to be open for 12-months before you withdraw your funds.
Bonus and return on investments are tax-free.
Eligible for FSCS-protection up to £85,000.
No notice period for withdrawals.
Lifetime ISA transfers accepted. Help to Buy ISAs can be withdrawn and deposited.
If you withdraw money for an ineligible reason, or before 12-months have passed since you opened it you’ll pay a 25% penalty to the government. This means you’ll get back less than you put in.
Capital at risk
You didn’t think we’d hide them in the small print did you?
Monthly subscription fee:
Free
Monthly subscription fee:
Free
Tembo annual platform fee:
0.35%
Investment funds charge a separate annual fee. For our provider Blackrock, it’s 0.17%.
If you open a Tembo Stocks & Shares Lifetime ISA, it’s important that you know 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.