To keep the lights on and to cover the costs involved in the investment service, Plum Investments is a paid service.
Plum charges a monthly £1 fee for Plum Investments (this excludes investing in RateSetter). This is only charged when you have money invested and automatically stops when you don't. Please note this is charged from your bank account not your Plum savings.
The product provider fee - 0.15% on the value of your fund investments.
In addition, funds have their own charges (from 0.22% - 0.9%); in the investment on-boarding we’ve included these for each fund so you can include this in your decision-making.
There is no charge for investing your money in RateSetter.
If you are not investing enough to outweigh the fees we will send you a message to let you know as well as instructions on how to cash out if you decide investing is not for you. This is part of our commitment to make sure the costs do not outweigh the rewards and Plum is always making you better off.