Tembo Increases Underlying HomeSaver™ Rate to 4% AER

05 December 2025

Savers now earn a market-leading 5.5% AER

Tembo has boosted its HomeSaver underlying rate from 3% to 4% AER (variable), giving savers a higher return at a crucial time for homebuyers.
Eligible customers now earn a market-leading 5.5% AER - exceeding the UK’s top easy-access savings rates listed by MoneySavingExpert (currently 4.17% - 4.51% AER)
The enhanced rate is available to anyone who saves with HomeSaver and later completes their mortgage through Tembo’s award-winning, fee-free mortgage service.

London, 5 December 2025 – Award-winning digital savings and mortgage platform Tembo has today increased the underlying rate on its HomeSaver™ account from 3% to 4% AER (variable), giving savers access to a market-leading 5.5% AER when they go on to use Tembo’s mortgage service.

The underlying tracker rate now follows the Bank of England Base Rate, set at 0.08% below the base rate (previously 1.04% below). This enhancement is entirely in customers’ favour - with no new fees, restrictions, or changes to how the account works.

The new rate comfortably exceeds the best easy-access deals featured on MoneySavingExpert’s top-pick list, which currently range from 4.17% to 4.51% AER. HomeSaver’s 5.5% AER therefore puts Tembo among the most competitive savings providers in the country while offering extra, expert support tailored to those preparing to buy a home or remortgage.

From today, HomeSaver users will receive:

4.00% AER (variable) on balances up to £20,000
A 1.5% AER (fixed) 12-month bonus, unlocked upon completing a mortgage through Tembo’s fee-free mortgage service
Combined, this provides a 5.5% AER return for eligible customers

A Smarter Way to Save for a Deposit

HomeSaver has been built specifically for aspiring buyers, and homeowners with an upcoming mortgage. By combining high-interest returns with fee-free, award-winning mortgage advice, Tembo is continuing in its mission to make home happen.

Plus, through Tembo’s Best Mortgage Deal Guarantee, exclusively available to savings customers, if you find a better, comparable mortgage from another whole-of-market broker Tembo will pay the difference over the initial product term.

Richard Dana, Founder and CEO at Tembo said,

“Tembo’s mission is to help people buy their home sooner. With this latest enhancement to HomeSaver, we’re offering one of the most competitive savings rates in the UK - while giving customers the expert mortgage support they need to take the next step on their home-buying journey.”