If you deposited £1,000 and didn’t withdraw for 12 months, the balance would be £1,004.00 if you’re a Plum Plus/Pro subscriber (0.40% AER) and £1,002.50 if you’re using Plum for free on the Basic tier (0.25% AER).
◦ The account is opened with £1,000
◦ No further deposits or withdrawals are made
◦ The interest stays the same for the full 12 months
There are no fees for these accounts, but bear in mind, the Easy Access (0.40% AER) is part of the Plum Plus & Pro subscription bundle starting for as little as £1/month.
Plum gets the interest rate from our Interest Account provider (Investec Bank Plc.).