Description
Plum is designed to assist users in saving and investing for significant life goals, such as home renovations or dream vacations. By automating the savings process, Plum allows users to set aside money without the hassle of manual tracking. The platform offers a variety of financial products, including an Easy Access Savings Account, Lifetime ISA, Cash ISA, and Stocks and Shares ISA, making it easier for users to manage their finances in one place.
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One of Plum's standout features is its ability to help users prepare for unexpected financial events. With the Easy Access Savings Account, users can earn interest while having quick access to their funds. For those looking to save for a home, the Lifetime ISA allows users to build their house deposit automatically, with the added benefit of a government bonus. Plum also offers a Cash ISA with competitive rates and a 95-Day Notice Account for those who want to save with a bit more flexibility.
Investing is made simple with Plum, as users can start with just £1. The platform provides access to over 3,000 company stocks and various funds, allowing users to tailor their investment strategy to their risk profile. Plum's automated investing feature ensures that users can grow their wealth without needing to constantly monitor the market.
For retirement planning, Plum offers a Self-Invested Personal Pension (SIPP), enabling users to consolidate their pensions and manage them easily. This feature is crucial for those looking to secure their financial future and enjoy their retirement years without financial stress.
Plum also emphasizes security and support, offering features like face or fingerprint ID for safe logins and customer support available seven days a week. With various subscription tiers available, including a free option, Plum caters to different financial needs and preferences, making it accessible for everyone. Users can try any paid subscription tier free for the first month, allowing them to explore the platform's full capabilities before committing.
- CategoryPersonal Finance Assistants
- Pricing ModelFreemium
- DeploymentCloud
- PlatformsiOS, Android
Plum's Core Features
Automated savings
Easy Access Savings Account
Lifetime ISA
Stocks and Shares ISA
Self-Invested Personal Pension (SIPP)
Customer support available 7 days a week
Face or fingerprint ID login
Free tier available
How to use Plum?
Set your financial goals: Define what you want to save for, whether it's a home, vacation, or retirement.
Choose a subscription tier: Select from free or paid options based on your needs and preferences.
Set up automations: Activate Plum's automated savings features to start saving without effort.
Monitor your progress: Regularly check your savings and investment growth through the app.
Adjust your plan: Modify your savings and investment strategies as your financial situation changes.
Plum's Use Cases
- Saving for a home
- Planning a vacation
- Retirement planning
- Investing in stocks
- Emergency savings
