Great rates come to those who wait
Get 5.20% AER

The Interest Pocket provided is called a 95-day Notice Pocket.

5.20% AER*.

Interest is calculated daily on the full closing balance in the Account and added to the account on the following business day.

If you make a withdrawal request, interest will be calculated on the total amount in the Account up to, but not including the day of the withdrawal.

Yes, the Interest rate is variable and can be increased or reduced at any time.

If our partner, Investec, increases the interest rate on your account, the change will take effect on the first day of the next calendar month (or in some cases, immediately).

If Investec decrease the interest rate on your account, we will notify you at least 109 calendar days before the decrease takes effect and provide a reminder notice to you 14 days before.

There are no fees for these accounts, but bear in mind, the 95 Day Notice Pocket is part of the Plum Premium subscription bundle at £9.99/month, including a 30 day trial period.

At current interest rates:

A deposit of £1,000.00 would earn £52.00 after 12 months, for a final balance of £1,052.00.

A deposit of £5,000.00 would earn £260.00 after 12 months, for a final balance of £5,260.00.

These are illustrative examples that assume you make the full deposit when opening the account and do not make any withdrawals in the following 12 months. These examples are not based on your individual circumstances.

This account is available to all UK residents over the age of 18, with a minimum balance of £0.01. 

To remain open, the account must retain a minimum balance of £0.01.

You can open, operate and close the Investec 95 Day Notice Account all directly through Plum App.

Yes, withdrawal requests can be made through Plum App at any time after opening the account, and in any amount, however, you will not receive your funds until the end of the 95 day notice period and your balance cannot drop below the £0.01 minimum to keep the account open.

At the end of the 95 day notice period Investec will return the funds to Plum at which point they will be available to return to your designated bank account.

There are no limitations on the number of deposits or withdrawals you can make, but each withdrawal will be subject to the 95 day notice period.

There are no charges or penalties for withdrawing your money in line with the notice period requirements on the account.

The information provided in this summary box is a summary of the key features of this Account.

AER (Annual Equivalent Rate) illustrates what the interest rate would be if interest was paid and compounded once a year.

Interest will be paid gross. Gross interest does not take into account any tax payable.

Depending on your individual circumstances, you might have to pay tax on any interest you earn. If you have any specific tax questions you should seek professional tax advice.

Alternatively, further guidance can be found on the HMRC website, for further information please go to: https://www.gov.uk/apply-tax-free-interest-on-savings. Please note that your tax treatment may be subject to change in the future.

You are protected by FSCS up to a maximum of £85k across all of your eligible Investec accounts. Therefore, this maximum is the total protection for this deposit and any others you may hold with Investec directly. For all the information you need on FSCS please go to https://www.fscs.org.uk/.

Placing funds via the Plum will impact how quickly FSCS can return your deposit to you if Investec Bank should fail.

For all information you need on the FSCS repayment timelines please go to https://www.fscs.org.uk/what-we-cover/banks-building-societies/.

If you have any questions, feel free to 'chat to a human' within the Plum app 👋