We report on aging, rejuvenation and memory effects in the ferromagnetic phase of pure terbium. We have applied an experimental method specifically for investigating slow dynamics of spin glasses, because these effects cannot be interpreted as conventional diffusion after-effects. Results show that relaxation times of the magnetic response are widely distributed, and isothermal aging shifted the distribution towards longer durations. If the sample was heated/cooled after such isothermal aging, the relaxation times shortened as if aging was starting anew; the behavior resembles that in spin glasses. Uniform magnetization experiments indicate that, unlike rejuvenation in spin glasses, ferromagnetic correlations are not returned to disorder by thermal perturbations. In contrast with memory effects in spin glasses, the effects of isothermal aging cannot be recovered once these disappear, even if the system is returned to its initial temperature. The observed results can be explained as collective pinning of the domain walls for which the potential is given by a rugged temperature-sensitive energy landscape.