We love promoting fresh ways to make your money go further.

Inflation is a constant factor in our economy that can sap the spending power of your savings… unless that money can earn a rate of return to offset the erosion. This is part of the reason why we built Plum!

Using the Basic (free) version of Plum lets you create a Pocket that pays a competitive rate of interest, and also gives you access to stock investing, meaning you can trade company shares* in real-time on the stock market.

But what do we offer a customer who wants to take their personal finances to the next level?

The current ‘cost of living crisis’ has placed enhanced emphasis on making every penny count, so we thought this was a good time to reiterate why we think Plum Ultra is one of the best subscriptions available based on the potential value it can deliver 💥

*Capital at risk if you invest.

What’s the big deal about budgeting?

A budget is a form of financial planning. It’s a way to build an understanding of your earning and spending patterns so you can then effectively allocate money for your needs, wants, and savings.

The benefit of budgeting is organising your financial accounts so there’s enough to cover immediate bills and provide for your future self.

That alone can be a challenge, but we’re also currently at a point where many of us are facing a sudden increase in the cost of essentials.

If you’re on a strict budget then you’ll want to ensure that any outgoings are reserved for subscriptions that are worth it. But whether you’re looking for a budgeting app to help you stick to a tighter spending plan, or trying to find ways to bring your budget to the next level, Plum Ultra could be for you!

How can Plum Ultra help me budget better?

Before delving into the benefits and budgeting features you can expect from Plum Ultra, we need to do a little rewind…

When you subscribe to Plum Ultra, you also get the features from our other tiers, Plum Basic and Plum Pro. You can find more on these further down in the article… but (spoiler alert) some of these include:

Plum Basic: Earn 3.51% AER* in a FSCS-protected savings pocket, automate deposits with smart AI, invest in Plum Interest to earn a projected yield of 5.00% VAR† and trade 1,200+ company stocks, commission-free‡.

Plum Pro: Use more exclusive Rules (52 Week Challenge and Rainy Days), earn a better rate (3.72% AER*) for your customisable FSCS-protected savings Pockets and choose from 17 investment funds.

So, in addition to all that, with a Plum Ultra subscription (regular price is £4.99 per month, with a 1-month free trial) you get access to:

  • Our Visa debit card lets you spend money straight from Plum.
  • Manage your budget with our Spend Tracker.
  • More gamified deposit Rules, with the 1p Challenge (to set aside £667.95 in a year) and Naughty Rule (which deposits a set amount when you shop with a retailer you tell us makes you feel guilty).

What other Plum subscription tiers are available?

If you’re not sure that Plum Ultra is for you (remember that your trial month is free, then you can still find a lot of cool stuff in our other tiers… and even the Basic version of Plum makes a powerful money management app 💪

Plum Basic (free)

Even the Basic (free) version of Plum lets you save money in an FSCS-protected Pocket, automate deposits and access stock investing so you can trade fractional company shares in real-time.

Here’s what you can expect from Plum Basic:

  • Save money and earn 3.51% AER* with 1 FSCS-protected Pocket.
  • Automate deposits with our AI Algorithm, Round-Ups and Pay Days.
  • Invest with Plum Interest to get a projected yield of 5.00% VAR†
  • Choose from 1,200+ company stocks and trade commission-free‡.
  • Create a personal Watchlist to monitor the performance of investments you might consider in the future, with no commitment.
  • Consolidate existing pensions and invest for retirement with a SIPP.
  • Unlimited withdrawals, with no hidden charges or fees.
  • Use the Splitter to divide deposits between savings and investments

* Easy Access Interest Pockets are provided by Investec Bank Plc. and protected by the Financial Services Compensation Scheme (FSCS).

† Variable APR (Annual Percentage Rate) projection correct as at 20/11/23. The projected return shown is after fees (net). A projection is not a reliable indicator of future performance. Returns are not guaranteed.

‡ Other fees apply.

Capital at risk if you invest.

Plum Pro (£2.99 per month)

In addition to the smart stuff in our Basic tier, Plum Pro provides a better rate of interest with customisable Pockets, gamified deposit Rules and access to our introductory range of investment funds. 

Here’s what you can expect from Plum Pro:

  • Get access to a better rate (earn 3.72% AER*) for your FSCS-protected savings pockets.
  • Gamified deposits with our 52-Week Challenge (to set aside £1,378 in a year) or Rainy Days Rule (which will set money aside when it’s forecast to rain in the area where you live).
  • Create and customise 15 extra Interest Pockets* and set goals.
  • Choose from our range of 17 diversified investment funds
  • Use the Splitter to automatically apportion your deposits between savings and investments.

* Easy Access Interest Pockets are provided by Investec Bank Plc. and protected by the Financial Services Compensation Scheme (FSCS).

Capital at risk if you invest.

Plum Premium (£9.99 per month)

When you subscribe to Premium you get absolutely everything! All of our Rules, investment options and automated tools. Complete your Plum experience with our best interest rate and our full range of stocks and funds.

Here’s what you can expect from Plum Premium:

  • Our best rate (4.21% AER)* for your FSCS-protected savings pockets
  • Receive a discount on the investing fees you pay for Plum Interest (the net yield is currently 5.15% VAR† for Premium subscribers).
  • Invest in up to 3,000 company stocks, commission-free‡, including more meme stocks, greater geographic diversification and a wider selection of the brands you know and use every day.
  • Invest in our full range of 26 diversified funds, which offer opportunities for greater diversification through the inclusion of assets like Gold, Biotech and Real Estate.
  • Automate your investing strategy, with Price Alerts to notify you when your chosen instrument reaches the desired price and recurring buy orders to drip-feed money into the investments you’ve selected.

* Easy Access Interest Pockets are provided by Investec Bank Plc. and protected by the Financial Services Compensation Scheme (FSCS).

† Variable APR (Annual Percentage Rate) projection correct as at 20/11/23. The projected return is shown after fees (net). A projection is not a reliable indicator of future performance. Returns are not guaranteed.

‡ Other fees apply. Capital at risk if you invest.

Check out our website to learn more about how Plum can help you budget.

You can find the Plum in the personal finance app section of app stores or download directly with this link:

Download Plum