Plum was founded on the belief that by automating deposits we can ensure that they're more likely to happen, even when life gets in the way, because this helps you set MORE aside over time!

What do we mean by automation? 🤔

Automation is the process of using machines (i.e. computers) to do work that would have been done by humans. So we’re talking about automating your direct deposits to your savings account or investment account.

If you’re trying to take control of your personal finances then using automatic savings could increase your chances of hitting your savings goals, be that for your emergency fund or something more long-term, such as an investment portfolio or retirement account.

Before you start thinking about retirement just yet, you’ll need to ensure that your most pressing debts (the ones with the highest interest rates or monthly fee) are paid-off. It’s worth taking stock of any credit card debt, overdrafts, or student loans that may be outstanding before you begin.

If you feel you’re ready for a fresh approach to money management then automation could be just the thing.

The best thing? Unless you're investing your money then it’s completely free to use Plum to do this! Here’s everything else you need to know:

Introducing the Plum Brain 🧠

Plum’s 'Brain' is where you can control how much money we set aside for you. Under ‘Rules’ you will see 2 saving options, ‘Automatic’ and ‘Round Up’.


This option is where you control the auto-stash algorithm. Once you link your bank account, Plum works by analysing your income and expenditure to identify where small amounts can be deposited on your behalf, every few days.

Because the amount is tailored specifically for you it means we’ll never leave you short, so you always have money when you need it!

Round Ups

If you’re looking for ways to boost the amount you put away, beyond the standard algorithm, then Round Ups will set aside extra cash every time you spend 💸

We Round Up (funny that!) your transactions to the nearest whole pound, and then set aside this ‘spare change’ for you on a weekly basis. You can think of them as a piggy bank that your older sister can’t raid 🐷

a screen shot shows the Plum app automatic saving settings

Set Your Mood 🦁

Our automatic money-stashing algorithm and Round Ups are both designed to adapt to your spending at any given time. However, there may also be times when you feel you’d like to set a little more aside. So we designed these features to be fully customisable!

Within the 'Automatic' section in the Plum Brain  you can select your ‘Savings Mood’. There are options ranging from ‘Shy’ to ‘Beast Mode’, with Shy putting away -50% less than the normal default, and Beast Mode taking +75% more. These can be changed at any time.

Inside the ‘Round Ups’ section of the Plum Brain you will find an additional option, called ‘Pound Ups’. When enabled, Pound Ups will continue to deposit an additional £1 for any transactions that are whole amounts (i.e. a £5.00 purchase will take £1.00 for your Plum account).

a screen shot shows Plum saving moods

Make Like a Banana… and Split 🍌

So far we’ve only talked about setting money aside, but if you decide you’d like to try and grow your nest-egg for the future, Plum can help with that too! We have partnered with carefully selected fund managers to offer a range of investment options that cater for newbies and seasoned-pros alike 📊

Our investments are designed to be fully-automated, so you can do this whole adulting thing without even thinking about it, if you so choose. When used with our ‘Splitter’ (accessible through the Plum Brain), this feature can apportion deposits directly to any investment funds you’ve previously selected 🧀

This makes the process easier for you and also promotes good investing practice… as it’s never a good idea to have all your eggs in one basket

You can learn more about investing with Plum on our website. Bear in mind, as with all investing, your capital is at risk.

a screen shot shows Plum splitter feature

Look… No Hands 👐

With all of the above in place you can consider that your finances are in cruise-control mode. So now you can just sit back and watch your money grow, little-by-little, until that little becomes a lot 📈

Our Plumsters say it feels like magic, and we like to think you won’t believe your eyes when you see how much we’ve put away for you! 👀

a screen shot shows Plum savings notification

Download Plum

For all the latest Plum news and discussion, keep an eye on our Facebook group, Plum Squad, or follow us on Instagram and Twitter.