Struggling to make your money work harder? Plum, a smart money app powered by AI, is helping millions of people save and invest with ease. With over two million users, Plum simplifies financial management by automatically setting aside money, investing it in various funds, or storing it in high-interest savings pockets. This hands-off approach takes the guesswork out of managing your finances, allowing you to reach your financial goals without constant effort.
David Bloomfield, a Plum user since 2020, found that traditional savings accounts weren’t growing his money as effectively. He turned to Plum and, within four years, estimates he’s saved around £15,000 through a combination of savings and investments. Plum’s ‘Splitter’ tool automatically divides your cash transfers between designated pockets, giving you control over how your money is allocated. You can choose to invest in one of Plum’s diverse funds, save in a high-interest pocket, or dedicate it to specific financial goals.
The app also offers nine automatic saving rules that help you consistently set aside money. Plum analyzes your financial situation and recommends personalized investment strategies to maximize your returns. Whether it’s investing in the ‘Tech Giants’ fund, a shares and bonds fund, or a balanced bundle, Plum makes it easy to diversify your portfolio based on your financial goals.
Plum: Key Features
Plum offers a free basic version with numerous features, allowing you to start your journey without any cost. You can upgrade to a subscription plan for access to advanced features and optimize your savings and investment strategies.
Safety and Security
Plum utilizes encryption, face and fingerprint ID for enhanced security. It holds the Cyber Essentials certification and adheres to the security frameworks of CIS and ISO 27001, ensuring comprehensive security measures. Plum is regulated by the Financial Conduct Authority, and money held in an Easy Access Interest Pocket is protected by the Financial Services Compensation Scheme (FSCS) up to £85,000 per customer. Non-interest-earning pockets like the Primary Pocket are safeguarded by E-Money Safeguarding Rules.
Beyond Saving and Investing
Plum extends beyond basic saving and investing with features like spending overviews, weekly allowances, and a Spend Tracker that helps you monitor your finances across all linked accounts. This comprehensive financial management tool empowers you to make informed decisions and budget effectively.
User Testimonials
David, a Plum user, highlights the app’s user-friendliness, especially for those with limited investing knowledge. He appreciates the app’s ability to automate savings, investment, and the ’round ups’ feature that rounds up transactions to the nearest pound, contributing to his savings effortlessly.
Plum’s Interest Pocket offers a competitive interest rate and allows for same-day withdrawal, making it an ideal option for short-term savings goals like holiday funds. David also uses Plum to create Interest Pockets for his children, securing their financial future with high-interest returns.
David’s positive experience with Plum has led him to recommend it to others, especially those who struggle with saving. He has seen firsthand how Plum can help individuals achieve their financial goals through automated saving and investing.
Download Plum on the App Store or Google Play and take control of your financial future. Start your Plum journey today and discover how AI-powered automation can simplify your saving and investing experience.
