Tembo – Earn £10+ when you sign up 🏦
Free Money — Large Deposit — Tembo
Get up to £1,000 free with Tembo
Tembo has increased its referral offer, with eligible new users now able to receive between £10 and £1,000 in rewards when opening and funding a qualifying account. This boosted version significantly improves the previous offer, making it one of the most competitive savings bonuses currently available.
Tembo is a UK-based financial platform offering savings and mortgage solutions, including Lifetime ISAs and Cash ISAs. Their products help users grow their savings with government bonuses and improve mortgage affordability. New users will get a bonus worth up to £100 (guaranteed £10) for making a deposit through their refer a friend scheme.
To claim your bonus:
Sign up here.
Enter your email and ‘claim reward’. You’ll then need to use the same email when creating an account via the app.
Open and fund a Cash ISA with £500. Your cash will be saved at an interest rate of 3.8% (The account must be funded within 30 days of opening.)
You’ll receive your bonus within 30 days of sign-up completion. Here’s the probability of which bonus you’ll likely receive: £10 - 95%; £50 - 0.7%; £75 - 0.2%; £100 - 0.1%.
You can withdraw your bonus and deposit once you’ve received it.
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FAQ’s
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Yes — Tembo is a regulated and trustworthy UK financial provider.
Tembo is authorised and regulated by the UK Financial Conduct Authority (FCA) for both savings and mortgage services.
Customer funds are held with partner banks like Barclays, Bank of Scotland, Aldermore and Shawbrook, all of which are covered by FSCS protection up to £120,000 per eligible person per bank.
It has strong user reviews (around 4.8–4.9 stars on Trustpilot), with many customers praising support and the app experience. Trustpilot
Important: FSCS protection protects your deposits if a partner bank fails — it does not protect against investment losses or poor performance.
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In this context, Tembo is the brand name of a UK fintech platform that provides savings products (like Cash ISAs and Lifetime ISAs) and mortgage services.
The name itself isn’t an acronym — it’s a company name chosen for branding rather than a term with a financial definition. -
Yes — Tembo Cash ISAs are considered safe for savers:
Your money isn’t held by Tembo itself as a bank; it’s held by partner banks that are regulated and protected under the FSCS up to £120,000 per person per bank.
Tembo uses multiple partner banks to diversify protections so eligible savers could benefit from over £200,000 of combined FSCS coverage across all partners.
This means if a partner bank fails, your first £120,000 in that bank would be covered by FSCS, and additional balances up to the same limit could be covered in other partner banks as well.
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Tembo is a digital savings and mortgage platform that helps customers:
Save with tax‑free savings products like Cash ISAs and Lifetime ISAs designed for goals like home deposits or retirement.
Earn competitive interest rates (for example, ~4.1% AER on some Tembo Cash ISAs).
Use an intuitive app/online platform to open and manage ISAs, transfer existing ISAs, and track savings progress.
Access award‑winning mortgage advice and specialist home‑buying support alongside savings products — often fee‑free for savers.
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Yes, Tembo has a refer a friend offer.
Right now, you can each earn £10 -100 when you open a Cash ISA and fund it with £500.
Have a referral link to share? Share it on our sister site here.
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Phone: 020 3386 9333
Phone (Mortgage): 020 3514 8500
Address: 18 Crucifix Lane, London, SE1 3JW, UK
Live Chat: via app or website Help Center
