+£10
12 mins
Plum
£10 Free Cash•12 mins
£10 Free Cash
+£10What is Plum?
Plum is an AI-powered money management app that helps you save, invest, and manage your money automatically.
The app analyses your spending and automatically sets aside money you won't miss. With features like round-ups, savings rules, and easy access savings accounts, Plum makes building your savings easy.
Launched
2016
Customers
2m+
Google Play
4.6 (48k)
★★★★★★
Key Terms
Profit
+£10
Credit checkNone
Deposit£5
Cashback£10
Cashback arrives30 days
Step by Step Guide
Chris's overview
Optional·1 min read
Plum is a savings app that everyone should be given at school - instead I invested my pocket money on fizzy cola bottles whilst my parents kindly covered the mounting dental bills.
You'll get £10 free cash via TopCashback when you sign up to Plum and connect your bank account. There is a small deposit required via direct debit (mine was just £5.15), but you can withdraw it straight back once your cashback arrives. No transactions required beyond that - just link your bank and the cashback is yours.
If you decide to try Plum after getting your £10 free cash, the automatic savings feature is genuinely useful. The AI analyses your spending and you can set up rules to save amounts without you noticing. Plus you can earn 3-4% on easy access savings. Check out the full review below for more details.
1
Sign up to Plum
5 mins
- Click the TopCashback link below on your mobile
- Download the Plum app from App Store or Google Play
- Create your account with your email address
You must sign up via TopCashback to qualify for the cashback - don't download the app directly.
On desktop? Scan QR code on your phone
2
Connect your bank account
5 mins
- Link your main bank account via Open Banking (read-only access)
- Based on your current account, Plum will set a recommended first deposit via direct debit - this appears to be required (mine was just £5.15).
- Select the free Basic plan - no subscription needed
- Cancel the direct debit once your first payment is made if you do not intend to continue to use Plum for money management or savings
The deposit is small and withdrawable once your cashback arrives.
3
Receive £10 cashback30d
2 mins
£10 cashback typically payable within 30 days
- Cashback tracks in your TopCashback account
- Withdraw to your bank once payable
- Withdraw your initial deposit out of Plum and back to your bank account - unless you'd like to keep using Plum for your money management
Offer Complete
Done? Tick off each step above to see your total.
Plum Full Review
Completed the offer? Awesome! Here's our full review on why Plum could work well for you going forward.
Plum launched in 2016 as an AI-powered savings assistant and has since grown to over 2 million users across the UK and Europe. The app connects to your bank via Open Banking and uses clever algorithms to analyse your spending, automatically setting aside money you won't miss. They've expanded from a simple savings tool into a full money management platform with investments, interest-earning pockets, and even a debit card on premium plans.
Is Plum safe?
Yes, Plum is regulated by the Financial Conduct Authority (FCA) as an authorised electronic money institution. Your savings in Interest Pockets and Cash ISAs are held with partner banks and are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per person.
The Open Banking connection to your existing bank is read-only - Plum can see your transactions to analyse spending patterns, but cannot move money from your main bank without your explicit permission. All data is encrypted and Plum uses bank-level security measures.
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.
Top 5 Plum Features
1
AI-powered automatic savings
Plum analyses your income and spending patterns to automatically set aside small amounts you won't miss. It's like having a savings assistant who knows exactly when you can afford to save.
2
Round-ups on purchases
Every card transaction gets rounded up to the nearest pound, with the spare change moved to your savings. Spend £2.50 on a coffee, and 50p automatically goes into your pot.
3
Easy access savings pockets
Earn 3-4% AER on easy access savings pockets with no lock-in periods. Interest rates vary by plan, but even the free Basic tier gets access to interest-earning pockets.
4
Investment options from £1
Invest in over 3,000 stocks and curated funds starting from just £1. Great for beginners who want to dip their toes into investing without committing large amounts.
5
FSCS protection on savings
Your deposits in Easy Access Interest Pockets and Cash ISAs are protected by the Financial Services Compensation Scheme up to £85,000 - the same protection as traditional banks.
Pros and Cons
Pros
- ✓AI savings genuinely helps you save without thinking about it
- ✓Free Basic plan with no monthly fees
- ✓FSCS protection on savings up to £120,000
- ✓Low minimum for investments (£1)
- ✓Works with all major UK banks via Open Banking
Cons
- ✗Best interest rates require paid subscription plans
- ✗Investment fees higher than some competitors
- ✗No joint accounts available
- ✗Withdrawals can take up to one working day
Chris's Verdict
Plum has carved out a solid niche as the "set it and forget it" savings app. With over 2 million users and strong app store ratings (4.7 on iOS, 4.6 on Android), they've clearly hit on something that works. The AI-powered automatic savings genuinely helps people who struggle to save manually.
The free Basic plan is refreshingly generous - you get automatic savings, round-ups, and access to interest-earning pockets without paying a penny. The premium tiers (£3.99-£14.99/month) unlock higher interest rates and investment features, but aren't essential for most users. If you want an app that quietly builds your savings in the background without constant attention, Plum delivers.
