Is Plum good for investing?
16 Aug, 2024
Holly Mackay's View
I think Plum is a good app to manage cash savings for those who want to put a toe in the investing waters, but focus mostly on cash. It won't satisfy more seasoned investors, but for a younger, less confident audience, it's a lovely app with lots of nice features. Offering round-ups and automatic saving settings, and some helpful suggestions to start investing, it's a user-friendly option.
This is the view of investment expert Holly Mackay based on her first-hand customer experience as a test account holder. This does not constitute regulated advice.
Who is Plum?
Plum started as a budgeting and savings app and has recently expanded into investments. The company takes a holistic approach to personal finance, combining savings, budgeting, and investing in one platform. Their technology integrates with users' bank accounts to track spending, while their AI automatically sets aside money for savings and investments.
Who is Plum good for?
Plum is particularly suited for those who want to combine budgeting, saving, and investing in one place. It's ideal for:
Those starting their investment journey with small amounts (minimum £1)
Tech-savvy users comfortable with AI-driven financial management
People who want automated savings and investment features
Individuals looking for a holistic approach to money management
Pros and cons
Investments
You can choose from the investment types below:
Accounts
Stocks & Shares ISA | Pension (SIPP) | General Investment Account (GIA) | Lifetime ISA | Junior ISA |
✔ | ✔ | ✔ | X | X |
Fees and charges
Plum offers three different plans to choose from.
Basic | Pro | Premium | |
Monthly Account Fee | FREE | £2.99 | £9.99 |
Fund Provider Fee | 0.45% of amount invested per year | 0.45% of amount invested per year | 0.15% of amount invested per year |
Amount of funds you have access to | None | 16 | 26 |
Amount of stocks you have access to | 1,200 | 1,200 | 3,000 |
Important to note that a Stocks & Shares ISA account is not available for Stock investing, only mutual funds.
With regards to SIPP's there is no drawdown capability.
A forex fee of 0.45% will apply for international investments.
See how much it would cost you
Use the handy calculator below to calculate the cost of an account. Just select which type of account you want to use, type in the amount you want to invest and - hey presto! - our calculator will give you an estimate of how much it costs. Please note estimated fees are calculated excluding promotional offers.
Step 1. Select account type.
Step 2. Enter the amount you are looking to invest.
Estimated fees:
£54.78
All Inclusive
This cost represents the total amount you will pay. It is based on a typical account and will be a very good guide, but may differ depending on the investment option you pick.
The boring disclaimer bit
This is a free resource for our readers. We’ve tried really hard to ensure that these calculations are correct and can promise you there’s no monkey business or favouritism going on. But please don’t rely on these calculations without double checking yourself. If you do think you have seen an error please contact community@boringmoney.co.uk and help us to make this better. More information on the assumptions we've used to calculate these investment fees can be found here.
Customer Reviews
Based on 353 reviews, 98% of customers would recommend Plum. Users particularly praise the app's automatic saving features, with many reporting significant savings without actively thinking about it. The interface receives positive feedback for its clarity and ease of use. However, some users have reported issues with account access and customer service response times.
17 May 2026
You can’t sell your stocks to cash, without it leaving the ISA so to reinvest in a different etf or stock. You HAVE to use more of your allowance. They have changed the way the track your gains from time weighted returns to unrealised returns. So I have sold something for profit that is seen as a realised return. You don’t get the option to see how your portfolio is doing over a given time period. Ie compare 1 week, to a month or a year. It’s just all time unrealised return.
02 January 2026
The customer service is absolutely useless i had it set to auto deposit and invest some of the payments didnt purchase the investments and didnt reattempt to purchase or return the money to the "pocket" of uninvested money so I contacted the support through the app...... several times and it has now been 7 weeks and they just say they have marked it as urgent priority with the technical team. I dont know what there idea of urgent is but mine is less than 2 months Appears they are just stealing from me have another few weeks before I can contact the financial conduct authority
02 December 2025
They took about 8 weeks to transfer out my ISA, despite repeated requests. The chatbot was hopeless. When I did speak to someone they never responded in the timeframe they stated
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All information in this review correct as at 01/02/2025.
