Plum: Smart Saving & Investing 4+

Earn 5.15% AER, Stocks, Funds

Plum Fintech Limited

    • Free

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Description

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

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

EARN 5.15% AER (variable) WITH A PLUM CASH ISA
• Unlock tax-free savings
• Your deposits are FSCS-protected for peace of mind
• 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 19/03/24. 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 26/02/24. 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 4.21% AER on your savings with an FSCS-protected Interest Pocket. Easy Access 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 (face/fingerprint ID)
• 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.

What’s New

Version 2.181.0

It's been another busy week at Plum! We've just released a new market-leading Cash ISA, giving savers a huge 5.15% AER (variable). The Plum Cash ISA is FSCS-protected and easy access, meaning you can grow your tax-free savings with full peace of mind. Open yours today, or transfer in an existing ISA and earn 4.29% AER (variable).


Rate as at 19/03/24. Subject to conditions. T&Cs and ISA rules apply. Top rate includes bonus rate for 12 months.

Ratings and Reviews

4.7 out of 5
52.2K Ratings

52.2K Ratings

neha uni tasker ,

Neha uni tasker

Hi cameron I have signed up and used the app and have to say I absolutely love the organised layout with the pensions investments (very informative) etc and the fact that I can see the upcoming regular bills as it personally helps me organise a budget for each month, I also love the save the change feature as bad savers like myself will find it easier to save the tiniest amount!!!!! Furthermore, the fact that I can attach more than one account makes it accessible and easy to use. Improvements: tbh not much needed as i feel like it give explores a lot but maybe create a payment reminder tracker- monitor bills, subscriptions etc and make it more accessible by creating Website version or adding more languages so it can be translated and maybe a wish list feature where people have a saving area for the thing a they want to buy. Tbh I love the app and will be sharing it to friends and family as I feel Ik a lot of people who would find good use in this. Also, please tell me u have a feedback section for people to write reviews so it can be gained as more of a trustable app and people would know if it’s popular and can therefore trust their private info being on the app

Developer Response ,

Hi 👋

Thank you so much your your positive review - we really appreciate it 🙏

We do have the Plum forum (https://community.withplum.com/); you can engage with other users, share your knowledge about Plum and leave your valuable feedback.

Cheers!

- The Plum Team

Mllx8pjf ,

Don’t use if you value your money

All started well. The app is easy to use. The problem starts when you start using this for anything more than pocket change. They will freeze your account and when you challenge why they simply we’ll close your account. Here comes the kicker….they don’t send your money back. It just sits there and they do nothing with it. The amount varies by the day. No explanation. The ‘chat to a human’ is useless. It will just say ‘we’ve passed it to the relevant team’. I get the impression this is just a load of kids working out of their bedrooms. I’ve been without access to my money for 4 weeks and counting now with no idea when or if they’ll ever return it. Next step the courts! You have been warned. …. They’ll be along shortly to say they have to follow FCA guidelines etc. yes they do. But other proper banks manage to do the same without freezing assets for weeks on end. Others have mentioned the time it takes to move money. There’s clearly a scam going ok here with Plum warning lots while your money sits in their holding accounts for literally days on end. With interest rates higher this will really tot up! You have been warned. Look elsewhere if you’re sensible.

This is where my review originally ended…

Plum come back (given all the above) and the ONLY thing they can clarify is that they’re not a bank. They can’t say anything about any of the other huge issues I raised, because they’re all true. This is what you’ll get with plum!

Developer Response ,

Hey,

We are not a bank, hence we do not have the same timelines. Our timeframes depend on our transaction partner and the timeframes can be found in our help centre as why do they take the time they do:

https://intercom.help/withplum/en/articles/2568777-why-is-my-investment-pending

Hope this clarifies your query!

JordanH64 ,

POOR CUSTOMER SERVICE - referral scheme false advertising

It has now been 14 days past the day I was due to receive my sign up bonus after referring 3 friends (it says 5 business days), and still no sign of my bonus. I have spoken to customer service multiple times, each time I get told “someone else is dealing with it” and I either get told they don’t know how long or to check in a few days… Not only this but the customer service woman was extremely rude and condescending when she explained what a “business day” was, despite it already having been 5 business days regardless of the weekend that had just been. There has been no sympathy from the staff or any sign of effort to resolve the problem, just talk of a “tech department”, I honestly believe they’re just delaying bonus’ so people will renew another month before it comes. The app says it’s due to be in my account on July 1st, it is now the 12th and nothing, I was even told by customer service a week ago it wouldn’t be able to arrive any later than the 11th as it had already been processed… There’s a clear lack of communication throughout the company and it’s customer services, I will not be using this app at all moving forward, after this experience I do not trust them in the slightest, and am worried that if they’ll do this over £40 what will happen if I have a large amount of money tied up and they take the same amount of time and lack of effort to resolve it for me….

Developer Response ,

Hi 👋

We are really sorry to hear that.

For more details, we will need to take a look into your Plum account.


Could you contact us via ‘chat to human’ in the app, or by emailing help@withplum.com please? Our support team will be happy to assist you.

Thank you!

- The Plum Team

App Privacy

The developer, Plum Fintech Limited, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.

Data Used to Track You

The following data may be used to track you across apps and websites owned by other companies:

  • Identifiers

Data Linked to You

The following data may be collected and linked to your identity:

  • Financial Info
  • Contact Info
  • Identifiers

Data Not Linked to You

The following data may be collected but it is not linked to your identity:

  • Identifiers
  • Usage Data
  • Diagnostics

Privacy practices may vary based on, for example, the features you use or your age. Learn More

Supports

  • Wallet

    Get all of your passes, tickets, cards, and more in one place.

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