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homesaver
What is the
HomeSaver
™?
How
HomeSaver
™ helps you…
HomeSaver
™ is a high-yield savings account designed specifically to help you build your house deposit… Unlike a standard savings account,
HomeSaver
™ is built with one goal: making home happen
Can I close my
HomeSaver
™?
Yes - to close your
HomeSaver
™ initiate a full withdrawal via the app
How does the
HomeSaver
™ bonus work?
Your
HomeSaver
bonus period lasts for 12 months from the day you open your account… To unlock your
HomeSaver
bonus, you’ll need to complete a mortgage (or remortgage) with Tembo… Please note, the
HomeSaver
bonus is different from the fixed introductory bonus earned for the first
Who can apply for a
HomeSaver
™?
To apply for a Tembo
HomeSaver
™, you must be: Aged 18 or over
How does the
HomeSaver
™ interest work?
The
HomeSaver
account offers you a market-leading interest rate to help you build your house deposit… We update our rates often to stay competitive, you can find the live
HomeSaver
rate here… its 365-day anniversary (and, for the
HomeSaver
Bonus, once your mortgage has completed)
Examples of using a
HomeSaver
™
How they use the
HomeSaver
™ Month 1: Ella opens a Tembo
HomeSaver
™ and starts saving £300 per… 🗓️Month 12: The
HomeSaver
bonus unlocks and is paid directly into the
HomeSaver
™ account… How they use the
HomeSaver
™ Month 1: Adam opens a
HomeSaver
™ and saves £400 a month
How do I fund my
HomeSaver
™?
How do withdrawals from my
HomeSaver
™ work?
Is the interest I earn on money in my
HomeSaver
™ tax-free?
The
HomeSaver
™ is a general savings account, so it’s not held within an ISA wrapper
What if I’m buying with someone else? Can we both get the
HomeSaver
™ bonus?
Only one
HomeSaver
™ bonus is available per mortgage application