Your account earns two types of interest:
Base interest - 3.74% AER (3.672% gross), which tracks 0.08% below the Bank of England Base Rate. This interest accrues daily and is paid monthly.
Bonus interest - A fixed 1.5% AER for 12 months, if you take out your mortgage through Tembo. This bonus accrues daily and is paid at the end of the 12-month period.
The base interest rate applies to all HomeSaver customers. Early adopters keep their 2.5% AER bonus interest.