Plum Cash isa

unhappywithPlumisa

Warning to anyone initiating a fund transfer to another provider on maturity. Plums T&C’s require you to keep the account open until the end of the following month after maturity. If not, month 12 interest & final bonus will be forfeited.

masonic

That doesn't stop you transferring your funds out of the account though. The ISA just needs to be left open to receive final interest and bonus at the end of the month. The final bonus will not be forfeit unless you close or transfer out within the bonus period.

friolento

Plum T&Cs are loaded with pitfalls. The easiest to avoid them is to simply avoid Plum. It’s what I have done.

MeteredOut

unhappywithPlumisa said:

Warning to anyone initiating a fund transfer to another provider on maturity. Plums T&C’s require you to keep the account open until the end of the following month after maturity. If not, month 12 interest & final bonus will be forfeited.

This part I've highlighted is incorrect.

https://help.withplum.com/en/articles/9070552-transfer-cash-isa-out-of-plum

The T&Cs are not 100% clear on the matter, so I transferred all but £100 and received the interest at the start of this month as expected. I'm in the process of transferring the remainder.

VNX

friolento said:

Plum T&Cs are loaded with pitfalls. The easiest to avoid them is to simply avoid Plum. It’s what I have done.

I wouldn’t touch plum with a barge pole