PlumQuick Wins
£10 Free Cash
Value
£10
Plum is a UK money app that automatically squirrels away small amounts you won't miss, then puts those savings to work in interest-earning pockets, a Cash ISA, or low-minimum investments. It launched in 2016 and now has over 2 million customers across the UK and Europe. The app connects to your existing bank account via Open Banking and uses your spending patterns to work out what you can afford to set aside each week.
Customers
2m
UK accounts
Founded
2016
10 years old
App Store
4.7 ★
68k reviews
Google Play
4.6 ★
48k reviews
Live offers
1
Worth £10
Saveable Limited is authorised and regulated by the Financial Conduct Authority (FRN 739214). Deposits held with Plum's partner banks via the Easy Access Pocket and Cash ISA are eligible for FSCS protection up to £120,000 per person, per bank. Investments held in a GIA, Stocks and Shares ISA, or SIPP are covered by the FSCS up to £85,000 per person. The value of investments can go down as well as up.
Plum at a glance
Plum is an FCA-regulated UK savings and investing app that nudges spare cash into a pot every week. You also get round-ups, an Easy Access Pocket with FSCS protection, and a stocks and shares ISA from £1. Quidsy has a free cash offer for new signups. Handy if saving by hand never quite happens. Paid plans cost extra.
Updated:
Current Plum offers
Review notes· 5 min read
Plum details
Plum is a UK money app that automatically squirrels away small amounts you won't miss, then puts those savings to work in interest-earning pockets, a Cash ISA, or low-minimum investments. It launched in 2016 and now has over 2 million customers across the UK and Europe. The app connects to your existing bank account via Open Banking and uses your spending patterns to work out what you can afford to set aside each week.
Plum suits people who find regular saving hard. If you've tried standing orders before and they never stick, the auto-saver does the work in the background and most users barely notice the deposits going out. It's also a friendly first stop for new investors with smaller pots: minimums start at £1 and a curated fund range keeps the choices simple.
The free Basic plan is enough for casual savers and round-up fans; the paid tiers (Plus, Boost, and Max, from £3.99 to £14.99 a month as of May 2026) really earn their keep only if you want the top interest rates or lower investment fees. If you'd rather have hands-on control over every pound, or you're managing a six-figure portfolio, you'll probably outgrow Plum's automation quickly.
Is Plum safe?
Yes. Plum is regulated by the Financial Conduct Authority. Saveable Limited (FRN 739214) is Plum's investment firm and acts as the Cash ISA manager. Plum Fintech Limited (FRN 836158) handles the Open Banking side as an Account Information Service Provider. The e-money piece runs through Modulr FS as an upstream FCA-authorised provider.
The protection on your money depends on the product. Cash sitting in the Easy Access Interest Pocket is held in trust with Investec Bank. Cash ISA money is spread across multiple partner banks, currently Citibank NA London Branch, Lloyds Bank, BBVA, and Qatar National Bank.
Both are eligible for FSCS protection up to £120,000 per person, per partner bank (the deposit protection limit rose from £85,000 to £120,000 on 1 December 2025). Investments held in a Stocks and Shares ISA, GIA, or SIPP are covered by the FSCS up to £85,000 per person, per firm, though the value of the underlying investments can go down as well as up.
The Open Banking connection used to monitor your spending is read-only. Plum can see your transactions but can't move money out of your main bank account without you confirming each request.
Who is Plum for?
Plum is ideal for anyone who struggles to save consistently. If you've tried and failed to build a savings habit, the automatic savings feature does the hard work for you - most users don't even notice the small amounts being set aside.
It's particularly good for younger savers and those new to investing, with low minimum investments and a friendly interface. The free Basic plan offers genuine value, though power users may want to upgrade for higher interest rates and additional features. If you prefer hands-on control over every penny, Plum's automated approach might feel too hands-off.
What does Plum do?
Automatic savings
Plum reads your income and spending each week and automatically shifts small amounts you can afford into your savings, so a pot builds without you having to think about it.
Round-ups on every card spend
Every card transaction gets rounded up to the nearest pound and the spare change tips into savings. Spend £2.40 on a coffee, 60p goes in.
Easy Access Interest Pockets
Park spare cash in pockets earning interest (3.00% AER on the free Basic plan rising to 3.63% AER on Max as of May 2026), with no fixed term and instant withdrawals.
Stocks and Shares ISA and SIPP
Invest from £2 in a curated set of funds or from £1 in individual shares (over 3,000 to choose from), across a tax-free ISA, a general account, or a self-invested pension.
FSCS protection on cash pockets
Money in the Easy Access Pocket and Cash ISA is eligible for FSCS protection up to £120,000 per person, per partner bank, the same protection you'd get with a high-street bank.
Pros and Cons
What stands out
4 pros- The auto-saver genuinely helps people who can't save manually, by moving small amounts before you can spend them
- Free Basic plan covers automatic saving, round-ups, the Cash ISA, and an Easy Access Pocket with no monthly fee
- FSCS protection on the Easy Access Pocket and Cash ISA up to £120,000 per person, per partner bank
- £1 minimum on individual shares is one of the lowest on any UK investing app
Worth knowing
3 cons- Top interest rates and the lowest investment fees are gated behind the paid tiers (Plus, Boost, and Max)
- Investment fees on the cheaper tiers add up: the Plum platform fee on Money Market Funds is 0.93% on Basic, dropping to 0% only on the £14.99-a-month Max plan, which is pricier than passive-only competitors like Vanguard
- No joint accounts
I've come away thinking Plum is one of the most useful free apps you can have on your phone if you struggle to save manually. Over two million people use it, ratings are consistently strong (4.7 on iOS, 4.6 on Android), and the auto-saver genuinely moves cash into your pocket without you having to think about it. The trick it pulls off is doing the boring bit of saving so you don't have to.
The free Basic plan is generous: auto-savings, round-ups, the Cash ISA with no fees, and a starter Easy Access Pocket are all included without paying a penny. The paid tiers (Plus £3.99, Boost £7.99, and Max £14.99 a month as of May 2026) bump up the interest rate and lower the investment fees, but most casual users won't need them.
Where Plum is less compelling is if you're a confident DIY investor with a bigger pot. Once your investments grow beyond a few thousand pounds, the platform fee on the cheaper tiers starts adding up, and you'd save money moving the investment piece to a lower-cost broker. For everyone else who just wants a quiet, friendly app that nudges cash into savings each week, Plum delivers.
Plum FAQs
Plum makes money in three main ways. Paid subscription tiers (Plus £3.99, Boost £7.99, and Max £14.99 a month as of May 2026) generate recurring revenue. The platform also charges a percentage fee on investments, which falls as you move up tiers. And Plum earns net interest on the cash you hold in pockets by placing it with partner banks at a higher rate than it pays you. The free Basic plan acts as the on-ramp.
As of May 2026, Plum pays 4.32% AER (variable) on its Cash ISA, made up of a 2.54% base rate plus a 1.78% bonus for the first 12 months. Plum Interest pays around 2.74% variable, and the Easy Access Interest Pocket pays between 3.00% AER on the free Basic plan and 3.63% AER on the Max plan. Cash ISA and Easy Access Pocket deposits sit with partner banks and are FSCS-protected up to £120,000 per person, per bank. Rates change, so check the app for the live figure before depositing.
Yes, but only on the investment side. Money in Plum's Cash ISA, Easy Access Interest Pocket, or Plum Interest sits with FCA-authorised partner banks and is FSCS-protected up to £120,000 per person, per bank, so it can't fall in value. Anything you invest through Plum's Stocks and Shares ISA, GIA, or SIPP can go down as well as up, and you might get back less than you put in. Past performance is not a guide to future returns.
The Basic plan is free. Paid plans are Plus at £3.99 a month, Boost at £7.99 a month, and Max at £14.99 a month (May 2026 prices). The Cash ISA has no fees. Investment platform fees fall as you move up tiers: on Money Market Funds, for example, Plum charges 0.93% on Basic, 0.47% on Plus, 0.19% on Boost, and 0% on Max, plus a 0.10% BlackRock management fee on top. Fees on the Stocks and Shares ISA and GIA depend on the funds you pick.
Next step
Choose your route with Plum
£10 Free Cash is the strongest live Plum route we have listed right now.