The investments consist of shares only and are protected by the FSCS guarantee. You can choose what to invest in based on six different themes and at three different risk levels. Rounding up spare change so you save without noticingįor £2 a month (the first month is free) you can invest directly via Plum's Pro Plan and a Plum ISA. It offers an investment service for a subscription fee that is easy to use, is regulated by the FCA and promises not to share your data without your consent. Plum launched in 2016 and follows a similar AI approach to Cleo. Plum launched in 2016 and follows a similar AI approach to Cleo Payments are subject to certain conditions, limitations, and exclusions. While Cleo is definitely fun and exciting and can help you cut down your spending in certain day-to-day areas or a holiday in the near future, it's not really one for budgeting with serious financial goals in mind such as buying a home.Ĭleo has also signed a pledge which provides protection for up to £85,000 in losses to UK bank accounts and credit cards where the losses are attributable to sign-up and use of Cleo. It also runs a blog with tips and advice written in a friendly and accessible manner with GIFs and memes, as well as a 'Money Diaries' section which gives an insight into the saving and spending of Cleo users.Ĭleo's financial experts then respond with an analysis of their habits and give advice on how to be smarter with their money - not unlike Cleo herself.įor those feeling particularly adventurous, after you’ve connected your account, type 'Roast me' and see what Cleo has to say about your own spending habits. This makes the user experience a bit more fun and lively. You can ask her questions via the app (or Facebook) and she'll respond as if you're texting a friend. Making money management fun and interestingĬleo is different from most of its competitors in that 'she' uses AI to talk to you like a real person. My ex-partner took out £126k of fraudulent loans in my name and is now in jail: Why won't NatWest write-off the £40k mortgage he acquired?Ĭleo interacts with you about your finances as if you were talking to your friends.Cost of investing crisis! Nearly half of investors are selling off stocks to cover rising bills and a third are switching out of ethical investments.Government to ease 0.75% pension charge cap to encourage investment into innovative - and higher risk - UK businesses.What the 0.5% interest rate hike means for your mortgage and savings: Bank ups base rate to 2.25% - its highest level since 2008.Keep summer alive! Autumn is officially upon us, so draw inspiration from the desert's warming tones.Going without breakdown cover for your vehicle, even as costs rise through inflation, could ultimately prove a false economy, says RAY MASSEY.The electric SUV that claims to add 124 miles of range in FIVE MINUTES: China's Xpeng G9 family car could soon be sold in Britain.Top investors reject £9.5bn takeover of Aveva by French group Schneider Electric as opposition mounts.Credit Suisse shares sink to record low after troubled lender starts sounding out shareholders for cash.Euro crashes to fresh 20-year low against dollar as recession fears grow after eurozone business activity dips.Business leaders lash out at mini-Budget after Chancellor fails to outline plans to reform business rates.ALEX BRUMMER: Often forgotten is that as Thatcherite reforms took hold, sterling was back at $2 level by 1990.Why is the pound falling? Gilts and sterling hammered as Chancellor spooks investors with borrowing surge and sweeping tax cuts.Kwasi backs business to fire up the economy: Chancellor cuts corporation tax and outlines measures to boost investment.Chancellor Kwasi Kwarteng's tax cut bonanza fails to work magic on the financial markets.MARKET REPORT: Global markets tumble amid mounting fears over health of the world economy.What does the tax-cutting mini-Budget mean for you? This is Money podcast on Kwasi Kwarteng 'betting the house'.Savers can now earn more than 4% for the first time in a decade after the latest base rate hike: Here are the BEST easy-access and fixed accounts.Chancellor abolishes highest rate of dividend tax in biggest shake-up to the system in years - what does it mean for investors?.Stamp duty cut calculator: How much would you pay to move home after the Mini-Budget change?.Will the cut to stamp duty push up house prices and is it a good move? Experts react to Mini-Budget property tax tinkering.Interest rates set to hit 5% next year as Bank of England is forced to step up fight against inflation after £45bn tax-cutting bonanza.What do income tax cuts mean for pension savers? The 'sting in the tail' for the tax relief that tops up money you pay into your pot explained.How much will the income tax and National Insurance cuts save you? What the 19p rate and end of the 45p rate mean for your pay packet.
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