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Account

Save money automatically

Our smart algorithm analyses your spending and helps you save without even thinking about it 🤓 You can also earn up to 0.6% interest (AER).

Plum Account

Choose your pocket type 👌

Instant Access

E-money funds safe-guarded

Withdraw in 15 mins ⚡

Easy Access, 0.60% AER

FSCS protected

Withdraw in 1 working day

Rolling out to Plum Plus Pro

95d Notice Account, 0.75% AER

FSCS protected

95 day notice on withdrawals

Coming soon for Plum Plus Pro

Plum Account

Supercharge your money ⚡️

Every few days, Plum does the math and transfers the perfect amount into your Plum account, little by little, it adds up.

Whether you’re setting money aside for a holiday, house or rainy day, Plum will help you reach your goals faster, without having to change your lifestyle. See you at the beach 🌴

You’re in control

You can adjust how much Plum sets aside for you whenever you like. So, whether you feel ambitious or shy, just let Plum know.

Plum Moods
Plum Withdrawals

Withdraw anytime

When you’ve reached your goals, or just need some extra 💰 to pay for your dog’s operation (true story), you can withdraw at any time, as often as you like.

More ways to automate Plum 🛠

Turn these on, and Plum will save a lot more...

Round Ups

Get Plum to round up your past week transactions to the nearest £1 and transfer the spare change.

52-Week Challenge

Starting with £1 in the first week, £2 in the second week and increasing up to £52 in the final week of the challenge. Plum can help you save £1,378 in a year 🤯

Rainy Days

Once activated, Plum will save extra cash automatically, each day it rains where you live.

Pay Days

The best time to set money aside is when you get paid. Tell Plum the amount and it'll do it automatically for you 🙌

Secure & helpful

When it comes to money, there's no room for compromise. We've built Plum from the ground up with your security and privacy in mind.

Got a problem? Chat to our lovely team directly in Plum. Alternatively, you can email or call us.

Security, not through obscurity.

FCA regulated

We're also an Appointed Representative of Resolution Compliance Limited.

Humans on hand

Our customer support team is ready to help you, 7 days a week.

Strong privacy

We never share your data with any other parties without your consent.

Common questions

Plum analyses your transactions and then identifies your regular income, rent, bills and daily spend. Using this and other factors like your available balance, our smart algorithm runs every few days and calculates an affordable amount to save for you automatically.

Plum’s algorithm was developed with the help of our friends at MIT and CERN, so we like to think it's pretty smart.

Read more on our algorithm

Plum aims to transfer an amount into your Plum account every 4-5 working days. If it can’t save on one day (let’s say because you had a low balance), it will attempt to save the next one.

When you deposit money into your Plum account, it’s held as ‘e-Money’ by our E-Money Provider, PayrNet (a subsidiary of Railsbank).

PayrNet maintains a specific UK customer account for all Plum customers with the Bank of England 🏦 These accounts are protected by the E-Money Safeguarding Rules, meaning that the money cannot be lent out.

When you make an investment through Plum, you’re using your money to buy part of a fund with our Investment Provider.

Whilst the value of your investment will naturally fluctuate according to market forces, your share of the fund is protected by a regulated custodian who keeps your shares safe.

Money saved with Plum in Interest Pockets is held on Trust with a UK Bank. A Trust is a legal mechanism which means we can look after your money, but legally it never stops belonging to you.

Read more on how your money is protected

You can withdraw money from your Plum account at any time by tapping the ‘Home’ menu button and then clicking ‘Withdraw’ from the Account card with no limits or fees!

• From the Instant Access Pockets:
Withdrawals are paid within 24hrs (most are processed within 15 mins ⚡️)

• From the Easy Access Pockets:
Withdrawals are paid within 1 working day.

• From the 95d Notice Account Pockets (coming soon):
Withdrawals require a notice period of 95 days. This means that when you make a withdrawal, we receive the money from our Interest Account provider 95 days later which we then return to your account within 1 working day.

Read more on withdrawing

If you deposit £1,000, the estimated balance after 12 months would be:

• £1,003.50 with Plum Free, Easy Access (0.35% AER) (coming soon)

• £1,006.00 with Plum Plus/Pro, Easy Access (0.60% AER)

• £1,007.50 with Plum Plus/Pro, 95d Notice (0.75% AER)(coming soon)

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

There are no fees for these accounts, but bear in mind, the Easy Access (0.60% AER) & 95d Notice (0.75% AER) are part of the Plum Plus & Pro subscription bundle starting for as little as £1/month.

Plum gets the interest rate from our Interest Account provider (Investec).

The Interest Pockets provided are named Easy Access & 95d Notice Account.

What is the interest rate?

The Easy Access provides an interest rate of 0.60% AER variable for Plum Plus and Plum Pro subscribers, or 0.35% AER variable for free users. The 95d Notice Account offers a 0.75% AER variable to Plum Plus and Pro subscribers. 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.

Can Plum change the interest rate?

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 and 60 days for 95 day notice as per clause 18 of our Interest Pockets Terms.

How do I open my account?

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.

With Plum Free & Plus, you can open one Easy Access Interest Pocket, while under Plum Pro, you can open up to 10 different Easy Access and/or 95d Notice Interest Pockets. Money in Interest Pockets is protected by FSCS up to £85,000.

Other information

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

The 95d Notice Account has a 14 day cooling-off period, if you were to change you mind and withdraw your funds.

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

If you have any other questions you can visit the full FAQ.

Let’s get started.

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