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Have I made a mistake with Plum

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  • Beddie
    Beddie Posts: 1,019 Forumite
    Part of the Furniture 500 Posts Photogenic Name Dropper
    FIREmenow said:
    The Plum cash ISA is a normal cash ISA.

    The more complex product talked about above is called Plum Interest and is clearly explained on their website.

    Apologies, the OP mentioned an ISA and then the Plum Interest account, and several comments are referring to ISA transfers in, and I conflated the two.
    So did I at one point! There was a bit of confusion for sure.
  • jimjames
    jimjames Posts: 18,739 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Andme1 said:
    masonic said:
    Aren't there accounts paying a higher interest rate? I have a Plum account, but I've never put anything into their savings products as I prefer to go with the best interest rate available.
    It's 4.97% VAR which is the highest I've seen for the amount I have. Yes there is higher but they require a much larger minimum deposit 
    Chip pay 5.1% for £1 upwards
    Remember the saying: if it looks too good to be true it almost certainly is.
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