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 interest* on your savings, automate deposits with smart AI and Rules like Round-Ups or Pay Days and trade over 1,200 company stocks, commission-free†.

Plum Pro: Use exclusive Rules (52 Week Challenge and Rainy Days), earn a better rate of interest, customise Pockets with goals and choose from 13 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:

• Plum Spending Card: our new Visa debit card. It allows you to spend money you load directly from your Plum savings (meaning you don’t need to transfer it back to your everyday account), which can also be a great way to help to stick to your budgeted spending allowance.
• Money Maximiser: our most advanced budget tool. It holds your money in your savings account for as long as possible (to maximise interest), before seamlessly providing a weekly flow of cash, back to your everyday account to cover upcoming bills and spending.
• Spending Tracker: a budget tool that displays all your transaction data from linked bank accounts and credit cards in one place, and gives a report of your spending broken down by category.
• 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 automate deposits, create a Pocket that pays interest 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 Interest Pocket*.
• Automated deposits with our AI Algorithm or Round-Ups.
• Choose investments from over 1,200 company stocks and trade commission-free†.
• Consolidate existing pensions and invest for retirement with a SIPP‡.
• Unlimited withdrawals, with no hidden charges or fees.
• Use the Splitter to automatically divide deposits between Pockets

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

† Other fees apply. Capital at risk. ‡ Capital at risk.

Plum Pro (£2.99 per month)

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

Here’s what you can expect from Plum Pro:

• Get access to a better rate of interest (earn 3.72% AER).
• 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 up to 15 Interest Pockets* and set goals.
• Choose from our simple range of 13 diversified investment funds† and 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.

Plum Premium (£9.99 per month)

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

Here’s what you can expect from Plum Premium:

• Access our best rate of interest (earn 4.21% AER)*.
• 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 21 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 your investments.

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

† Other fees apply. Capital at risk. ‡ Capital at risk.

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 using this link: