From 13 October, we’re removing the withdrawal restrictions on Plum Cash ISAs. This means that after this date, you’ll be able to make unlimited withdrawals without affecting your interest rate.
Previously, making 4 or more withdrawals in the first year would reduce your interest rate for the rest of that year. From 13 October, this rule will no longer apply — all customers will earn the Plum bonus, regardless of the number of withdrawals made.
All other terms of your Cash ISA remain the same.
If the reduced rate was applied to your Cash ISA:
If you lost your bonus in the past due to making more than 3 withdrawals, your bonus rate will be restored.
If you lost your bonus in the past due to a low balance (below £100), your bonus rate will be restored.
If you transfer out your Cash ISA to a different provider, either partial or full, the bonus rate will be lost, and you will only get the base rate.