Here’s how I’ve saved almost £2.5K with Plum - and now I’m earning interest on it
If you’re anything like me, it’s easy for saving money to fall down the priority list when you’re juggling family life. That’s exactly why I started using Plum, and honestly, it’s been so helpful for my savings goals.
I first downloaded Plum back in January 2024, and since then, I’ve managed to save nearly £2,500 through regular, automated savings. Yep, you read that right. I didn’t change my spending habits, I didn’t move money manually - it all happened automatically thanks to Plum’s smart savings features.
What is Plum?
Plum is an app that uses AI to analyse your spending and work out what you can afford to save. You can set your own goals - whether that’s a rainy day fund, a family holiday, or even just a buffer for unexpected costs - and Plum does the hard work for you.
You can even set rules for your savings like switching on round-ups (where it rounds up your spending and saves the change), or join fun savings challenges like the 52-week challenge (check out how I did it here).
And the best part? It’s super safe and secure, with robust security measures in place, strong encryption and FCA regulation behind it.
The new Plum Cash ISA
Plum also has a Cash ISA, so not only do they offer a hands-off way to save, but you can now earn interest on your savings, tax-free!
If you’re not familiar with ISAs (Individual Savings Accounts), they’re a brilliant way to save tax-free. That means you don’t pay tax on the interest you earn, so your money can grow even faster.
Plum’s Cash ISA is currently offering 5.06% interest and it only takes seconds to open it right in the app (rate correct as 24/04/2025. 5.06% AER (variable) includes a bonus rate of 1.52%% AER (variable) for the first 12 consecutive months. A lower rate of 3.54% AER (variable) applies if account conditions aren't met. Subject to conditions and ISA rules. Cash ISA T&Cs apply.)
I’m so excited about this because I set Plum up in January 2024 and between January and June last year, I saved £917 without lifting a finger. Now, a year later, I’m sitting at nearly £2.5k in total savings - all through automating my savings! And now I can put this straight into my ISA and earn a decent amount of interest (much higher than most high street banks!) on this amount (Source: Moneyfacts (April 2025)).
You’ll still have easy access to your money if you need it, but I love the fact it’s all done for me while I get on with daily life.
Just a heads up, you’ll get the most benefit if you leave your savings to grow over time. But having the flexibility to access your money if you need it is really reassuring too.
If you’re looking for a hands-off way to build up your savings, especially as a busy parent, I honestly couldn’t recommend Plum enough. It works away quietly in the background which makes life much less complicated.
A few things to keep in mind
This content is for informational purposes only and does not constitute financial advice. Please consult a qualified financial advisor before making any investment decisions
Tax treatment depends on your personal circumstances and is subject to change
T&Cs and ISA rules apply
The value of investments can go down as well as up and you may get back less than you invested
Plum is the trading name of Plum Fintech Limited and Saveable Limited. Plum Fintech Limited is registered and regulated by the Financial Conduct Authority (FRN 836158). Saveable Limited is authorised and regulated by the FCA (FRN: 739214)
Want to see if Plum could work for your family? Head to Plum’s website or download the app to find out more. Your future self (and your savings) will thank you for it!
