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Tembo HomeSaver Account 5.75% - advice/thoughts?

DIYhelp76 · 2026-05-01 11:14:18

Hi, I saw this Tembo Home Saver Account advertised online. Link at end of this post. Would welcome anyone's opinions on the account, including safety of any deposits with Tembo? The account is for depositing a maximum of £20K - so well within the FCA protected £120K limit. And their site says savings are protected with…

Comments

epm-84 Posts: 2,827 Forumite

14 June at 12:22PM

I found it you have the Lifetime ISA and have opted into their 1% bonus if you take out a mortgage through them, it blocks you from opening the HomeSaver unless you first opt out of the Lifetime ISA bonus.
If you've got over £20k in a Lifetime ISA with them and may consider their mortgage option, the HomeSaver might not be the best option.

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