Yes, you can have as many Cash ISAs with different providers as you like, as long as you do not deposit more than £20,000 across all your accounts each tax year. You can also transfer your Cash ISA funds held with another provider into a Tembo Cash ISA.

The exception to this is Lifetime ISAs - while you can have more than one open, you can only pay into one Lifetime ISA each tax year, and can only save up to £4,000 each tax year.

If you have a Lifetime ISA with another provider, you could also transfer over to us to benefit from our market-leading Cash Lifetime ISA rate of 4.6% AER (variable). Transferring is easy; simply download the Tembo app and select the “Transfer a Lifetime ISA to us” option. Then, follow the steps to kickstart the process.

Transfers can take between 2-8 weeks to complete, depending on your current provider, but you can see a timeline of your transfer on the Tembo app so you’re kept in the loop with any news.