Lodo vs Plum
Plum uses AI to help you save and invest automatically. Lodo uses AI to find better deals on your bills and switch you. Different sides of the same goal — keeping more of your money.
What Plum Does Well
Plum is one of the most effective auto-saving apps in the UK. It analyses your spending patterns and automatically moves small amounts of money into savings that you will not miss. Beyond saving, Plum also offers investing tools, interest-bearing accounts and budgeting features. Its AI-driven approach to saving is genuinely clever — it adjusts how much it saves based on your income and spending, so you build savings without having to think about it.
Where Lodo Takes a Different Approach
Plum and Lodo approach your finances from opposite directions. Plum helps you save more of what you earn by putting money aside. Lodo helps you spend less on your bills by finding better deals and switching you to them.
Plum does not compare providers, find deals or switch you to better plans — that is not what it is built for. Lodo does exactly that. Its AI analyses your needs, recommends three personalised plans for mobile, broadband or energy, then handles the full switch — sign-up, cancellation, number porting and disruption resolution.
Lodo is also building auto-savings features that will work similarly to Plum — automatically moving money to the highest interest rate account and opening new accounts on your behalf. But Lodo's core focus remains on reducing what you pay for household services.
Side-by-Side Comparison
| Feature | Plum | Lodo |
|---|---|---|
| Core purpose | Automated saving and investing | Finding better deals and switching for you |
| Auto-saving | Yes — AI-driven automatic savings | Coming soon |
| Investing | Yes — stocks, funds and interest accounts | No |
| Finds better deals | No | AI finds personalised deals for your needs |
| Switches you | No | Yes — full switching service |
| Cancels old contract | No | Yes (if you choose) |
| Disruption handling | No | Yes — resolves issues with providers |
| No | Yes | |
| Cost | Free tier; paid premium for advanced features | Free |
When to Use Plum
Plum is a great choice if your priority is building savings and investing. Its auto-saving AI is one of the best in the market, and the investing features make it easy to put your money to work. If you want to grow your wealth passively, Plum does that well.
When to Use Lodo
Lodo is the right choice if you want to reduce what you are paying for household services. Rather than saving small amounts from your income, Lodo saves you money by making sure you are on the best deals — and handles all the switching admin so you do not have to.
Frequently Asked Questions
- What is the difference between Lodo and Plum?
- Plum is a saving and investing app that uses AI to automatically set aside money and help you grow your wealth. Lodo is a switching service that uses AI to find better deals on mobile, broadband and energy, then handles the entire switch for you. Plum helps you save more of what you earn; Lodo helps you spend less on your bills.
- Does Plum help you switch providers?
- No. Plum focuses on saving and investing. It does not compare deals, find better providers or switch you to new plans. Lodo handles all of that — finding the best deal, switching you over, cancelling your old contract and resolving any issues.
- Is Plum free?
- Plum has a free basic tier, but its more powerful features (higher interest rates, investing options, advanced auto-saving rules) require paid subscriptions. Lodo is completely free with no premium tier.
- Can I use Plum and Lodo together?
- Yes, they complement each other well. Plum helps you save and invest your money. Lodo reduces what you spend on household bills by finding better deals and switching for you. Together, they help you keep more of your money from both sides.