Plum: Smart Saving & Investing

Plum Fintech

About this app

Plum’s on a mission to help you grow your money for life, with automated deposits, accessible investing & smart saving. Fees apply.

GET IN THE HABIT
• Build a money-saving habit by scheduling deposits for a fixed amount each week or on pay day
• Smart rules keep you in control of your money, with options like our Al algorithm, Round Ups or easy challenges like the 1p Challenge

EARN 4.92% AER (variable) WITH A PLUM CASH ISA
• Unlock tax-free savings with easy access to your money
• Start with as little as £1
• Transfer in an existing ISA and earn 4.04% AER (variable)
• Eligible deposits are FSCS protected
Rate as at 13/08/24. Subject to conditions. T&Cs and ISA rules apply. Only includes bonus rate if held for 12 months.

GROW YOUR SAVINGS
• Earn up to 4.59% AER (variable) with our classic easy-access Interest Pocket
• Or get an even better rate with a 95-day Notice Account at 5.2% AER (variable)
• Both accounts are FSCS-protected for peace of mind, and provided by Investec Bank Plc.

EARN UP TO 4.90%* WITH PLUM INTEREST
• Get returns that follow the Bank of England base rate with this low-risk MMF
• Enjoy easy access with 1-business day withdrawals
• Add as much or as little as you want
Capital at risk. *Variable rate correct as at 24/10/24. Forecasts are not a reliable indicator of future performance. Returns aren't guaranteed.

UNLIMITED COMMISSION-FREE† STOCK INVESTING
• Create your profile in minutes to start buying and selling US company stocks
• Invest in up to 3,000 companies like Amazon or Tesla
• Set up recurring buy orders and price alerts to put your investing strategy into action

† A 0.45% currency conversion ‘FX’ markup and nominal regulatory fees still apply. The total fees charged to buy and then sell (2 trades) 1 share worth $100 would be around $0.90.

DIVERSIFY YOUR INVESTMENTS WITH FUNDS
• Choose from up to 26 different funds themed around risk level or sector
• Personalise your portfolio with funds like ‘Slow & Steady’, ‘Tech Giants’ or options with an ethical focus
• Premium funds allow greater diversification through the inclusion of Gold, Biotech and Real Estate assets
• Funds are professionally managed and each contains lots of different company shares
• Available with Plum Pro plan or above (from £2.99/month)

‡ Here are the fees when you invest in funds with Plum:
• £2.99 minimum monthly subscription
• 0.90% annual Assets Under Management (AUM) and average fund management fee§
• No withdrawal fees/limits

§ This includes an (AUM) fee of 0.45% charged by Plum, as well as a 0.06–1.06% fund management fee, depending on the specific investment fund(s) you choose.

GET READY FOR RETIREMENT
• Consolidate your existing pensions into one Self Invested Personal Pension (SIPP)
• Choose from risk managed or diversified global funds
• No subscription fee for a Plum SIPP
• 0.89% annual Assets Under Management (AUM) and average fund management fee
• Get tax relief on your contributions

This includes a 0.45% Product Providers fee, as well as a 0.08%–1.06% fund management fee, depending on the specific investment fund(s) you choose.

SECURITY
• We support biometric security
• Any sensitive data we hold is stored using symmetric cryptography (AES)
• We never share your data with third parties without consent
• Customer support available 7 days a week

Plum Fintech Ltd is an agent and distributor of PayrNet Ltd (FRN 900594) and Modulr FS Ltd (FRN 900573), respectively, both authorised as EMIs by the FCA. Plum Fintech Ltd (FRN: 836158) is a registered AISP with the FCA. Saveable Ltd (FRN: 739214) is authorised and regulated by the FCA as an investment firm. Plum is a trading name.
For investments and pensions, all fund management and provider fees are shown annually, billed monthly and immediately reflected in your portfolio. 2-7 Clerkenwell Green, London, EC1R 0DE.

Ratings and reviews

Saves so easily a few pounds at a time, can transfer in seconds back into my bank if needed, but carry on saving. No worries!. I love using plum, I needed to transfer a bit of savings back to my bank. I clicked and in seconds my current account notified me of the transfer and there it was! Such a great way to save, especially in an emergency. I'll definitely stay with plum now. But plum just takes what you don't notice, and when you need to pay an unexpected bill it takes seconds to transfer!

The app these days is not perfect. I've had issues with investments disappearing or not being able to invest or investments being cancelled or Plum just being very laggy to the point of being unusable. Then it will work well again and all is well until the next time. UPDATE: The Plum follow-up ignores the fact that I already routinely contact Help. They fix issues case by case but not the underlying problem with the super buggy app.

The auto saving is great, but I've lost £90 on my £1k investment so far and it's still dropping. Fingers crossed it turns around, but I'm not confident. Update...I'm a year in and my loss is down to £37. Balanced bundle. Update: after 2 years my investment loss came back up to break even so I withdrew. 6 months with the same amount in premium bonds has made me waaay more more.

What's new

Thanks for downloading Plum!
We've pushed some bug fixes to make sure the app is always running smooth.
Please update your app to ensure you have the most performant experience of Plum!