Chips ISA is 5.1% currently (variable) no withdraw limits
Best savings account?
- Thread starter Merlin5
- Start date
Soldato
No, read about it here: https://www.trading212.com/isa?cash-isa=
You're protected by the usual £85K FCA protection as long as you keep the cash in the specific Cash ISA.
I don't see any gotchas or issues. Daily interest is more fun as well (even though AER means it's all annualised anyway in a sense).
It's not huge but 5.2% is still better than 5.1%.
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Its fscs protected but so far nobody knows which bank is holding the funds it seems. So if you have significant cash across multiple banks you need to know which bank is holding the funds.
Soldato
At a guess it's JP Morgan, based on the fact that this is the bank you deposit with to add funds if you do manual payments. This is who shows up for me.
Soldato
Unless its a regular saver when 5.2% is only 2.6%
**For clarity its not, but we were told it was many times.
Soldato
Unless its a regular saver when 5.2% is only 2.6%
*For clarity its not, but we were told it was many times.
Still banging on about this?
Regular savings accounts
Get the best regular savings accounts by ignoring normal best buy tables - you could earn up to 8% by reading our guide at Money Saving Expert
www.moneysavingexpert.com
Look at number 5.
Soldato
Still banging on about this?
Regular savings accounts
Get the best regular savings accounts by ignoring normal best buy tables - you could earn up to 8% by reading our guide at Money Saving Expert
Look at number 5.
Yes what looks like, not what is.
Comedy is timeless. Your not the first to make this mistake btw, people have done it here before.
Don't be so sensitive.
I dont like the lack of clarity tbh.
Soldato
Im not sensitive but I continually have to defend myself from your snide comments.
No one, including myself, said it was wrong, it was a rule of thumb to make the maths easy that's all, and that is what the MSE article says. No one said anything different at any point.
Soldato
You absolutely did when you started going on about other stuff being better because of the rate even though may of us pointed out time after time that rate is absolute.
Classic comedy is classic comedy.
Soldato
I was wrong about the choice of product yes, that was nothing to do with the quick estimate of the regular savings account being nominally half the rate, which is still correct.*
*or half the balance at the full rate, or half the time with the full balance at the full rate. Whichever you prefer mathematically they are all the same outcome.
Soldato
Guess someone could ask them? Not a problem for me as not above the cap anyway but I do get why people would want to know of lost course.
Underboss
is it possible to set up s regular payment to CHIP from my other bank elsewhere ? anyone know ?
im just having a think right now, and this popped into my head
im just having a think right now, and this popped into my head
Soldato
Afaik, no.
But Chip's rates are no longer top tier so alternatives exist that can have regular payments.
Underboss
ok thank you kindly
I have a lot of money in there, so its beating the 7% £300 regular savings, just wanted it arrange a payment monthly to it automatically
Could I get some more details on which ETF's
Soldato
Not confirmed yet, but Nationwide could repeat the fairer sharer payment this year, find out tomorrow.
I missed out last time but I switched over my main current AC, so I now have Current AC, Reg Saver, and Mortgage, should be eligible if they repeat it.
www.nationwide.co.uk
Beating it how? On volume maybe but won't be £ for £.
I missed out last time but I switched over my main current AC, so I now have Current AC, Reg Saver, and Mortgage, should be eligible if they repeat it.
Nationwide Fairer Share | Nationwide
Find out more about the Nationwide Fairer Share Payment, including who’s eligible
www.nationwide.co.uk
Beating it how? On volume maybe but won't be £ for £.
RBS/Natwet Premier give a tenner a month anyway...Not confirmed yet, but Nationwide could repeat the fairer sharer payment this year, find out tomorrow.
I missed out last time but I switched over my main current AC, so I now have Current AC, Reg Saver, and Mortgage, should be eligible if they repeat it.
Nationwide Fairer Share | Nationwide
Find out more about the Nationwide Fairer Share Payment, including who’s eligible
Beating it how? On volume maybe but won't be £ for £.
Soldato
Those are some steep requirements to get it. I'd have no chance of getting this.
Your giant mortgage may make you eligible?
Are you eligible for Premier?
To apply you must be 18 or over, a permanent UK resident and you must have ONE of at least:- £100k sole income or £120k joint income paid into your NatWest account
- £100k savings or investments held with us
- £500k mortgage borrowing with us.