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Misleading Plum ISA Terms

iambenten · 2024-12-28 05:42:54

I took out a Plum ISA back in April 2024 and there appears to be a few rather surprising negatives that I did not appreciate. I came here when trying to understand why the headline rate is currently 4.92% when my app says I am only getting 4.67%. On a variable rate product, I am not used to different rates for different…

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Varades Posts: 1 Newbie

7 April at 11:56AM

What you can do it's leaving a minimum amount above £100 ("Partial Transfer outs do not affect your Bonus and Main Rate, as long as the remaining balance is above GBP 100") and transfer the rest of the money to a better rate provider. You will get the accrued interest at maturity date and the rest of your money will generate a higher interest with another company.

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Misleading Plum ISA Terms

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