Rising interest rates set by the Bank of England can be good news for savers – but only if your bank actually passes on those rising rates to you and your cash. This isn’t always the case, however, so that’s where Plum Interest comes in.
Plum Interest is currently set at a highly-competitive 5.00 percent VAR, as of 20 November 2023, or as much as 5.15 percent VAR for Plum Premium subscribers. Even at the lower rate, a pot of cash created with a £2,000 deposit and topped up by just £175 a month could earn £150 with Plum Interest in a single year, or over £400 by the end of year two, with a total fund value of over £6,600. Capital at risk if you invest. Returns not guaranteed.
