While we aim to keep Cash ISAs as easy to open and manage as possible, we only offer our top interest rates on balances of £100 and above. If your balance falls below £100, your interest rate will decrease to the existing reduced rate of 2.50% AER. However, once you top up your Cash ISA to meet the minimum balance again, your interest rate should go back to the total rate, which is the sum of the bonus rate (if applicable) and the basic rate.
You can make up to 3 withdrawals in the first year of your Plum Cash ISA. If you make 4 or more withdrawals, you'll earn the reduced rate for the rest of the year. For more information about this, take a look at our withdrawal limitations page.
After the first year from opening your Cash ISA, you'll be able to make unlimited withdrawals without any penalties.
In the case of a full transfer out of your Cash ISA to another provider, the interest rate will be set to the reduced rate.
The Cash ISA rates available to you will depend on when you first opened your Cash ISA account. Please read this page for more details.
Interest accrues on settled money. Please note that if the deposit to your Cash ISA is still pending or just settled, the interest rate will be updated within one business day after the settlement of the deposit. For more information about deposit timelines, please see this article.