How are the returns on my investments calculated?

If you invest your money with RateSetter, your interest accrues for every day that your funds are on loan and is paid monthly. RateSetter is a marketplace for lenders and borrowers and therefore the rate changes with supply and demand. The 3% rate is based on the average rate in 2016 and may fluctuate. It can be found in the Plum app and before you sign up.

With Funds, you choose to invest in Mutual Funds provided, which buy a portfolio of stocks and are priced daily. The value of your investments therefore will be updated daily. The returns are calculated by looking at the difference in value of the fund against the amount you currently have.