Tembo has announced a new Black Friday promotion aimed at first-time buyers, offering up to £300 in cash to savers who transfer an existing Lifetime ISA (LISA) to its Cash Lifetime ISA product. The offer goes live today and runs until 5 December 2025.
The promotion is open to customers who have never previously held a Tembo Lifetime ISA, either Cash or Stocks & Shares, and is designed to encourage savers to consolidate their LISA holdings with the fintech, which specialises in helping first-time buyers boost their buying power. The bonus will be paid directly into the customer’s Tembo Cash Lifetime ISA as “bonus interest” in May 2026, or sooner if the account is used to fund an eligible home purchase through Tembo Mortgages.
To qualify, customers must initiate a full transfer of their existing cash Lifetime ISA from any provider between 14 November and 5 December 2025, transferring at least £5,000. Partial transfers are not eligible, and the account must remain open and funded for 12 months unless the customer withdraws funds to complete a first-time home purchase using Tembo’s mortgage services. Customers already enrolled in another Tembo promotion, including the 1% Lifetime ISA offer, are excluded.
The size of the bonus is tiered depending on the amount transferred. Transfers of £5,000 qualify for a £30 bonus, rising to £150 for £25,000 and reaching the £300 maximum for transfers of £50,000 or more. Transfers below £5,000 do not receive any bonus.
Tembo says the cash incentive is intended as a welcome gift for new customers at a time when many first-time buyers are facing affordability challenges with higher mortgage rates, elevated house prices, and sluggish savings growth. Because the bonus is treated as interest rather than a contribution, it does not count towards the Lifetime ISA £4,000 annual allowance.
The offer comes with safeguards. If a customer withdraws or transfers out within 12 months of completing the transfer without using the funds for a qualifying home purchase, Tembo reserves the right to reclaim the bonus. The company also notes that the deal may be amended or withdrawn at any time, although bonuses already earned will still be honoured.
The promotion is available immediately and runs until 23:59 on 5 December 2025, or until Tembo chooses to withdraw the offer. Full terms, conditions, and FAQs are available on the Tembo website.
Richard is the founder of the Good Money Guide (formerly Good Broker Guide), one of the original investment comparison sites established in 2015. With a career spanning two decades as a broker, he brings extensive expertise and knowledge to the financial landscape.
Having worked as a broker at Investors Intelligence and a multi-asset derivatives broker at MF Global (Man Financial), Richard has acquired substantial experience in the industry. His career began as a private client stockbroker at Walker Crips and Phillip Securities (now King and Shaxson), following internships on the NYMEX oil trading floor in New York and London IPE in 2001 and 2000.
Richard’s contributions and expertise have been recognized by respected publications such as The Sunday Times, BusinessInsider, Yahoo Finance, BusinessNews.org.uk, Master Investor, Wealth Briefing, iNews, and The FT, among many others.
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