Best savings account?

leoncuprar said:
Question... I had a cash isa earlier this financial year , but didn't contribute anything into it , and then closed it.... I believe I could open another one now before end of tax year, is that correct? Or do I have to wait until the next year starts?

Thanks
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You can open it now, the limit is the amount of deposits per financial year AFAIK.
 
tom_e said:
Chip
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Just looking at this article and it appears that it was a bit of a hassle but now simplified? Is it now a case of opening a single account and sending in the cash to earn interest monthly, with unlimited withdrawals?

becleverwithyourcash.com

Chip app review: is the savings account any good?

The Chip app can help you get into a good savings habit, offering 4.01% on its easy access account and 5% on its limited access account.
becleverwithyourcash.com becleverwithyourcash.com
 
Dirk Diggler said:
Just looking at this article and it appears that it was a bit of a hassle but now simplified? Is it now a case of opening a single account and sending in the cash to earn interest monthly, with unlimited withdrawals?

becleverwithyourcash.com

Chip app review: is the savings account any good?

The Chip app can help you get into a good savings habit, offering 4.01% on its easy access account and 5% on its limited access account.
becleverwithyourcash.com becleverwithyourcash.com
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Correct. It's now just a straight forward savings account that you can deposit and withdraw as needed with no penalties.
 
Dirk Diggler said:
I see it requires a current account with them too, which isn't great for me as I won't have any use for another CA.
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Just don't use it. It is very unintrusive, and costs nothing. In fact it can give you 1% cashback/5% on roundups if you do decide to use it and have nothing alternative/better.
 
It really doesn't matter how many you have but I know these things can keep folk up at night. I'd personally just take the 3% interest and not worry about it :)
 
Dirk Diggler said:
I'm sure it would be fine, but I already have current accounts with Starling, BOS, Monzo and Revolut.
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Is that all :p

Think I have ended up with a mix of ~24 current and savings accounts over 12 different banks. Mainly due to all the switch rewards and current account offers over the last 12 years of no interest rates.
 
dLockers said:
It really doesn't matter how many you have but I know these things can keep folk up at night. I'd personally just take the 3% interest and not worry about it :)
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It doesn't keep me up at night (I don't think I'll ever get your "style" of posting), I just don't want to increase the amount I have if there is an alternative - and it looks like there is.

However, thanks for the info and I'm not ruling Chase out completely. :)
 
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