Tembo - Savings & mortgages 2025.7.111637

Tembo is an award-winning savings application aimed at assisting users in achieving their financial objectives more efficiently. It has been featured in reputable media outlets such as The Guardian, Sky News, and BBC.

Reasons to consider Tembo include:

• Award-winning design: This money-saving app is trusted by thousands of users.
• Lifetime ISA: Save for your first home with a market-leading account that offers interest significantly higher than competitors over a five-year period.
• Cash ISA: Accessibility for emergency or long-term savings, offering interest rates considerably surpassing those of the UK’s largest banks.
• User-centric app: A seamless experience allowing for monthly contributions, progress tracking, and access to expert financial advice through tips and webinars.
• Expert mortgage guidance: Complimentary mortgage advice available via an award-winning service, potentially saving customers up to £749.
• Security measures: Savings are protected by the Financial Services Compensation Scheme (FSCS) up to £85,000, with backing from notable investors including Aviva and Nationwide.

The application offers various ISA savings accounts, including:

• CASH ISA:
  • Annual contributions up to £20,000 with an attractive interest rate of 4.8% AER, significantly outpacing interest from major banks.
  • Flexible withdrawals without additional fees or penalties.
  • Stable interest rates without unexpected changes after multiple withdrawals or reduced balances.
• LIFETIME ISAs:
  • Aids first-time home buyers with a 25% government bonus of up to £1,000 annually, potentially summing to £32,000 over time.
  • Market-leading Cash Lifetime ISA with a competitive 4.60% AER interest rate on savings without introductory rate gimmicks.
  • An ethical Stocks and Shares Lifetime ISA option is available, with investment in a high-growth ESG fund reflecting a 12% return over the past year.

The comprehensive mortgage package features:

• No-fee mortgage advice provided by one of the UK's best mortgage brokers.
• A dedicated team to assist throughout the mortgage process from initial inquiries to securing keys.
• A variety of tools designed to prepare users for mortgage applications, including comparative rate analysis and free Mortgage in Principle services.

If you are interested in adopting a smarter approach to savings, consider exploring the features offered by the Tembo app today.

Rates mentioned are accurate as of February 2025 and may fluctuate. Note that your home may be at risk if mortgage payments are not maintained. Specific terms related to ISAs depend on government policy and tax regulations, which can change. Past performance of investment funds may not indicate future results and includes potential capital risk.

Tembo Savings Limited operates under regulatory approval from the Financial Conduct Authority (FRN: 928010) and is registered as an account information services provider (FRN: 913654). The company is registered at 18 Crucifix Lane, London, SE1 3JW (registration number 12008146).