Open Plum Interest
Your money is held in an interest-earning fund holding government-backed assets, making it low risk with stable returns.
Plum Interest Calculator
Quickly see what you could earn with a low-risk fund that currently pays %*
How much do you plan to put away each month?
How much will you contribute as an initial lump sum?
*Variable annual rate correct as at 22/07/2024. Projected return shown after fees. A projection isn’t a reliable indicator of future performance. Returns aren’t guaranteed.
Find out more about the Plum Interest calculator.
Potential return based on Plum Interest yield of % VAR*
+ £XXXXX
Fund total: £XXXXX
+ £XXXXX
Fund total: £XXXXX
Use the presets below to see how adding extra money each month could affect your potential return.
Based on the information entered and the current Plum Interest yield, your potential return could pay for a {name_of_thing}.
Capital at risk if you choose to invest.
*Variable annual rate correct as at 22/07/2024. Projected return shown after fees. A projection isn’t a reliable indicator of future performance. Returns aren’t guaranteed.
Find out more about the Plum Interest calculator.
What is Plum Interest?
Plum Interest invests in a sterling short-term Money Market Fund (MMF), provided by BlackRock. It’s separate from our easy access interest-bearing Pockets that are provided by Investec Bank Plc.
Investing in money market funds is a way to access a diversified investment portfolio that is professionally managed. Plum Interest only contains high-quality investments, like interest-generating government bonds.
The aim is to deliver a better return than you might expect to receive in a current account from a high-street bank.
Capital at risk. Returns are not guaranteed.
Calculate the power of compounding
The yield we quote for Plum Interest is shown after fees (net), so you can be clear what you’re going to get.
Because any returns are reinvested, it means you can take advantage of compound investments. The process where you could also earn a return on any previous earnings, in addition to the principal amount invested.
Our calculator takes compounding into consideration when you calculate your potential Plum Interest earnings.
How it works
Get returns daily
With daily returns, your progress is updated regularly instead of just once a month or even once a year.
Easy access
You can continue using your money as normal with 1-business day withdrawals, giving you even greater control over your money.
What are the benefits of Plum Interest?
The main benefit of Plum Interest is that it tends to track the Bank of England base rate. So it’ll typically yield a higher return than you might expect to receive in a current account from a high-street bank.
It contains low-risk investments, because it only includes robust companies and governments. So they’re among some of the safest available.
In addition, only short-term assets are selected, reducing uncertainty and increasing stability.
Capital is at risk if you invest. Forecasts are not a reliable indicator of future performance. For further detail about tax implications of this product, click here.
The %* annual variable return we provide is a net rate. That means the rate we show you already includes the annual fee of 0.25%, based on the daily balance that you hold in your Plum Interest pocket, and you know exactly what you're getting. Learn more here.
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