In case you want to transfer your Cash ISA account out of Plum, you need to initiate the process with your new provider. Your new provider may ask for the following details:
Product Provider: Plum Fintech Ltd (Saveable Limited - FCA: 739214)
Investment Account Number: Please use your National Insurance number as your account/reference number.
Once you complete the process with your new provider, they should initiate the transfer process on their side, and your new provider will inform us accordingly about the technical procedures.
What Happens to Your Interest?
Base Interest: If you transfer your Cash ISA in the middle of the month, you’ll lose the base interest for the current month. However, interest from previous months will still be added to your account.
Bonus Interest: If you transfer your Cash ISA during your bonus period, you’ll lose the bonus interest you’ve earned. If you wait and transfer after the bonus period ends, you’ll still get the bonus that has already been earned.
In case you have your Cash ISA already with another provider at the time we credit the remaining interest, we will make sure to send the money directly to your new provider.
Partial transfers should not affect any of the bonuses mentioned above, as long as your balance is over GBP 100. In case you transfer out the full amount of your Cash ISA or your remaining balance is less than GBP 100, you will get the reduced interest rate of 2.5% AER.