With Tembo, you can only hold one Fixed Rate Cash ISA account, but you can hold multiple Fixed Rate ISAs across different providers, as long as the amount you deposit across all your ISA accounts doesn’t exceed the £20,000 per tax year ISA allowance.
If you’re a Tembo saver already, you can see how much of your ISA annual allowance you’ve used on the home screen in the Tembo app under the “My Allowances” section. You’ll see your Lifetime ISA in green, and your Cash ISA in blue. Be aware, this doesn’t record what you have saved in other ISA accounts held with different providers.
Tax treatment depends on individual circumstances and may be subject to change in the future. Must be 18-39 to open a LISA. Ineligible withdrawals may return less than paid in.