Plum ISA - confused about interest

Daringly

Chaykin said:

Daringly said:

Interesting. Still not showing for me.

@Daringly - can you now see the pending bonus interest in the app? Like in masonic's screenshot.

Nope, still nothing for me either. Somewhat reassuring that I'm not alone

Daringly

In an unexpected turn of events, I received a push notification just now and the bonus interest has been added. The regular July interest was also added today. Was only expecting both nearer the end of the month as previously. 

HillStreetBlues

Does everyone agree with the interest calculation?

masonic

HillStreetBlues said:

Does everyone agree with the interest calculation?

Seems to be correct for me. They are honouring the backdating they are doing for interest compounding, so despite being paid late, this has no impact on the effective AER. I wasn't planning to retain this ISA beyond the 3 month bonus period, but as they've made a reasonable follow-on offer, so far stuck to matching movements in base rate, and thus remained competitive vs the rest of the market, I think I'll see out the 12 months.

Looks like I'll achieve more than I would have in a risk-free option in my S&S ISA, and it serves the purpose of me getting a foot in the door in case any ISA limit meddling happens in the budget.