Plum

Plum: Smart Saving & Investing - User Guide Welcome to Plum! Our app is designed to make managing your finances simple and effective with features like automated savings, smart budgeting, and accessible investing. Here’s how to get started: Getting Started Download and Install: Find “Plum: Smart Saving & Investing” in your app store and install it. Open the app and sign up by following the on-screen instructions. Link Your Bank Accounts: Connect your bank accounts to Plum to get an overview of your finances in one place. Key Features Automated Savings: Scheduled Deposits: Set up automatic transfers of a fixed amount weekly or on payday to build your savings habit. Smart Rules: Use Plum’s AI algorithm, Round Ups, or simple challenges like the 1p Challenge to save more effortlessly. Plum Cash ISA: Tax-Free Savings: Earn 4.92% AER (variable) on your savings with easy access. Flexible: Start with just £1 and transfer existing ISAs. Protection: Eligible customers are FSCS-protected. Interest Accounts: Interest Pocket: Earn up to 4.7% AER with this easy-access account. Notice Account: Opt for a 95-day Notice Account to earn up to 5.2% AER. Both accounts are FSCS-protected and provided by Investec Bank Plc. Plum Interest: Variable Rate Returns: Earn up to 4.93% with this low-risk Money Market Fund (MMF). Flexible Access: Withdraw funds with just 1-business day notice. Investment: Add any amount as desired, with capital at risk. Stock Investing: Commission-Free Trading: Invest in US stocks with no commission fees. Wide Selection: Choose from up to 3,000 companies, including giants like Amazon and Tesla. Investment Tools: Set up recurring buy orders and price alerts to manage your investments effectively. Additional Information Fees and Risks: Some services may have associated fees. Returns on investments are not guaranteed and can vary. Always consider your financial situation and investment risk tolerance. Currency Conversion: A 0.45% currency conversion fee applies when dealing with foreign currencies. Tips for Users Regular Savings: Use the automated savings features to build a habit of saving without thinking about it. Invest Wisely: Start with smaller investments and gradually increase as you become more comfortable. Track Your Progress: Regularly check your account balances and investment performance to stay informed about your financial status. By using Plum, you’re on your way to smarter saving and investing with minimal effort. Explore the app’s features and take control of your financial future today!