Where applicable, on top of our base interest rate, Plum offers you a bonus interest rate that is credited for the stated period after the opening of your Cash ISA account. The bonus rate is calculated based on your cleared balance in the background on a daily basis, and it will be credited to your account after the bonus period ends.
For example, when the bonus period is 1 year, it will be credited at the beginning of the thirteenth month after the opening of your Cash ISA account. If the bonus period is 3 months, your account will be credited at the beginning of the fourth month after your Cash ISA account is opened.
The bonus interest rate you receive is determined by the date you activate your Plum Cash ISA and is visible within the Plum app at all times.
When the bonus period ends, the interest rate will revert to the basic rate plus any new bonus rate we decide to offer at that time, and your new 12-month bonus period will begin. Once again, you can find your applicable rate in the Plum app.
Transfer Ins
Eligibility for the bonus rate for funds transferred in from other providers depends on the date your Cash ISA was activated. If you qualify, you'll see the applicable bonus rate in the app.