EASY ACCESS
SAVINGS POCKETS

Easy Access Savings Pocket.

The Easy Access Savings Pocket provides an interest rate of 3.63% AER (variable) for Plum Max subscribers, 3.20% AER (variable) for Plum Boost subscribers, and 3.00% AER (variable) for Plum Plus and Basic customers. The Interest is calculated daily on the cleared balance in the account using the interest rate applicable on that day and is paid into the Interest Pocket monthly.

The interest rate is variable and we also have the right to change these rates, so it can go up or down. When that is the case, we will notify you (email & app notifications) that this change will take effect in a minimum of 14 days for Easy Access as per clause 18 of our Easy Access Savings Pockets Terms.

There is no fee for these accounts. The Easy Access Max rate (3.63% AER) is exclusive for Plum Max subscribers (starting from £14.99 per month), the 3.20% AER (variable) rate is exclusive for Boost subscribers (£7.99 per month) and the Easy Access Plus & Basic accounts 3.00% AER variable) is available to all Plum customers.

Plum gets the interest rate from our Easy Access Savings Account provider, Investec Bank Plc.

If you deposited £1,000 and didn’t withdraw for 12 months, the balance would be £1,030.00. Assuming that:

• The account is opened with £1,000.
• No further deposits or withdrawals are made.
• The interest stays the same for the full 12 months.

Plum Basic & Plum Plus If you have Plum Basic (Free) or Plum Plus (£3.99 per month), you can benefit from an interest rate of 3.00% (AER variable), meaning your balance would be £1,030.00 after a year.

Plum Boost If you have Plum Boost (£7.99 per month), you can benefit from a higher interest rate of 3.20% AER (variable), meaning your balance would be £1,032.00 after a year.

Plum Max If you have Plum Max (£14.99 per month), you can benefit from a higher interest rate of 3.63% (variable), meaning your balance would be £1,036.30 after a year.

The account is available to UK residents aged 18 or over. You may only open and manage the account via the Plum app. No minimum deposit or upper limit.

Money in interest pockets are cumulatively protected along with any other accounts you may hold at Investec Bank Plc, by FSCS up to £120,000.

You can withdraw money from your Plum Easy Access Savings Pockets at any time To do this, tap the ‘Pockets’ menu button, then the ‘Easy Access’ tab and then ‘Move’ to Primary Pocket. You can withdraw from your Primary Pocket to your linked bank account usually within a day.

Interest is paid without tax being deducted. Your tax treatment of any interest will depend on your individual circumstances.

If you have any questions, feel free to 'chat to a human' within the Plum app 👋