Plum ISA interest - 3months or 9 months?

madcatlady5

Hi, I opened, following MSE’s advice, a Plum ISA. 

All appeared fine- until- last week the interest payout duration changed overnight from 3 months to 9 months!!
I am so confused and really not impressed! 

I did take 2 screen shots( first at the end of June, second yesterday) that show the Bonus - as shown below. 

Bonus interest earned

Calculated daily and paid out after £104.81

3 months. Not applicable for transfer ins.

Bonus interest earned

£117.15

Calculated daily and paid out after 9 months. Not applicable for transfer ins.

Any help much appreciated. 

MCL 5! 

masonic

Did you not see the 3 month bonus to be credited on the last working day in August in your Activity feed?

It seems like they have inadvertently rolled people onto a second 9 month bonus at 4.49% AER, which if true is nothing to complain about.

madcatlady5

Hi, thank you for your response.

No, I didn’t see anything about the interest being credited in August. It would suggest that the interest is only payable next year! 

Agreed, 4.49.% is a respectable rate.