Plum: Smart Saving & Investing

Plum Fintech

About this app

With automated deposits, accessible investing & smart budgeting, Plum gives your money momentum. We give your personal finances a push to help you reach your goals. Fees apply.*

GIVE YOUR BANK A BRAIN
• Take control of your finances by linking your bank accounts and credit cards in one place

EARN 5.17% AER (variable) WITH A PLUM CASH ISA
• Unlock tax-free savings
• Eligible customers are FSCS-protected
• Get easy access to your money
• Start with as little as £1
• Transfer in an existing ISA and earn 4.29% AER (variable)
Rate as at 27/05/24. Subject to conditions. T&Cs and ISA rules apply. Top rate includes bonus rate for 12 months

EARN UP TO 5.12%* 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 21/06/24. Forecasts are not a reliable indicator of future performance. Returns aren't guaranteed.

SAVE MORE BY AUTOMATING DEPOSITS
• Build the habit of saving by scheduling deposits for a fixed amount each week or when you first get paid
• Smart rules keep you in control of your money, with options like our Al algorithm or Round Ups
• Or make the process more engaging with gamified challenges and rules like Rainy Days
• Earn up to 4.70% AER on your savings with an FSCS-protected Interest Pocket. Interest Pockets are provided by Investec Bank Plc.

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)
• Intuitive and transparent fees‡

‡ 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

I have realised that after 3 months my money has not been transferred into my ISA. Clearly not to be trusted. So even worse than the initial: Irritating, I don't want an open banking connection or the automated junk. I'm capable of saving myself, just wanted the higher interest rate saver I can choose when to put money into. I am aware I can turn off the automatic deposits and have done, but that doesn't stop the emails spamming me about my open banking connection renewal.

The idea is good and I like it. But when my funds are low, I can only pause the automatic saver. All other savers you have to turn off, and if you do that, you lose your 52 week And 1p challenge and have to start again. Would be good if there was a pause button to stop all savings, but when you have funds, it can continue where you were you left off. If you'd like to

Great app for saving and starting investments but there are a lot of bugs. If I scroll through previous investments it jumps back to the newest ones, I can't see messaged probably as when I scroll through they cover each other. I keep track of finances and the investment bug is making it impossible.