A Cash ISA is a tax-efficient savings account. It works like an interest-bearing pocket, enabling you to securely grow your savings while enjoying the benefits of tax-free interest at the same time. As it is included in the ISA scheme, you have an annual allowance of £20,000 across all of the ISA accounts you may have.
If you’d like to know more about Plum’s Cash ISA, please check our official web page here.