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Plum Interest
How does Plum Interest work?
How does Plum Interest work?
Dimitris avatar
Written by Dimitris
Updated over a week ago

Your money is held in a money market fund that mostly invests in the safest asset types available, like short-term government loans. The fund then earns interest on these debts, which is closely linked to the Bank of England base rate, and passes a share of that interest on to you.

The total fees you’ll pay for Plum Interest equate to just 0.25% of your investment, which equates to £2.50 for every £1,000 you hold in the fund. Also, for complete transparency, the rate we quote is shown after fees.

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