Plum offers a wide range of features and sometimes it’s difficult to know which features you’ll use. The good news is that all tiers are available free of charge for 30 days. This gives you the chance to test them out to see how useful they’ll be for you.
Here’s our summary of the main features and why you might want them:
Earn interest – access to savings ‘pockets’ that are covered by the FSCS. By default, your money is stored as ‘e-cash’ and will earn zero interest. Be sure to move these across when possible to leverage your money.
Automated deposits – set small amounts aside little and often. Round-ups are included in this feature. Do not underestimate how powerful this can be.
Cheaper bills – Plum will send you alerts if you’re overpaying on your bills and help you switch to a cheaper supplier.
Unlimited withdrawals – withdraw money whenever you want. However, some of the savings pockets require notice of one working day to withdraw.
Multiple pockets – save money into different pockets for different purposes, such as Christmas and holidays.
Invest from £1 – automatically and easily invest your savings for maximum potential returns.
Gamify your saving – access to 52-week challenge & rainy day savings challenges. A great tool for a healthy money mindset.
Goals – assign targets to your savings pockets to help you stay on track.
Cashback – earn cashback when you shop with certain retailers through the app.
Diagnostic report – analyse your spending and compare it to other Plum users anonymously.
Money Maximiser – make your money go further and get a real-time view of spending.