Plum Lifetime ISA - Transfers In Review: 4.44% AER (Sep 2026)

Protection

FSCS

Up to £120,000

Min balance

£1

Max balance

£4,000

Access

Age 60+ or first home

Interest paid

Monthly

Transfers in

Accepted

25% withdrawal penalty - Funds can only be withdrawn penalty-free to buy your first home (property must cost £450,000 or less) or from age 60. Withdrawing for any other reason incurs a 25% government charge, equivalent to losing 6.25% of your own money.

The Rate You'll Get

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First 12 months

Boosted

4.44%

AER

Includes a 1.33% boost for 12 months

Standard rate (after 12 months)

3.11%

AER

Who Is This For

Savers happy with a £4,000 cap

Additional Info

App-only account. This is Plum's dedicated product for LISA transfers in - new money paid into a Plum LISA earns the higher new-customer rate instead. The 12-month bonus lands as a lump sum once the first year completes, at the start of month 13. The government adds a 25% bonus on contributions up to £4,000 per year - worth up to £1,000 annually. Deposits held with Lloyds Bank and Citibank - FSCS protection is shared across other accounts held with those institutions. For full eligibility rules and first-time buyer conditions see our ISA Guide.

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Estimated returns with Plum's Lifetime ISA

Want to know how much interest you will receive with Plum's Lifetime ISA - Transfers In?

Estimated interest

£1,000 saved

£44.40

At 4.44% AER

£2,000 saved

£88.80

At 4.44% AER

£3,000 saved

£133

At 4.44% AER

£4,000 saved

£178

At 4.44% AER

Estimated over one year, assuming the rate stays the same and interest stays in the account. Amounts outside this account's minimum or maximum balance are left out.

Our Expert Opinion on Plum Lifetime ISA - Transfers In

This account suits anyone saving for a first home or retirement who wants to consolidate existing Lifetime ISA balances under one roof, since Plum accepts transfers in. The headline rate of 4.44% is made up of a 3.11% base rate plus a 1.33% boost for 12 months, so factor in that the rate will drop once that boost period ends. The critical catch with any Lifetime ISA is the 25% government withdrawal penalty if you access the money outside of a qualifying first home purchase or retirement from age 60, which effectively means you lose 6.25% of your own contributions, not just the government bonus. If you want a marginally higher rate without the transfer requirement, Moneybox Cash Lifetime ISA is listed at 4.45%.

Plum Lifetime ISA - Transfers In Review4.44% AER (Sep 2026)

The Rate You'll Get

Who Is This For

Additional Info

Estimated returns with Plum's Lifetime ISA

Our Expert Opinion on Plum Lifetime ISA - Transfers In

3 alternatives to Plum's Lifetime ISA - Transfers In

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