Best savings account?

tom_e · 26 Jun 2023 at 13:28

Chip up to 4.21%

uscool · 26 Jun 2023 at 15:42

been using Chase but signed upto Chip was really quick process , will keep using Chase for the 1% cash back

Zatoichi.uK · 26 Jun 2023 at 16:08

uscool said:
been using Chase but signed upto Chip was really quick process , will keep using Chase for the 1% cash back

Are you able to transfer funds from Chase to Chip? When I tried a few months back it wasn't possible, but Chase have joined the switching program since then I believe.

englishpremier · 26 Jun 2023 at 16:10

Things are getting stupid now with the one-upmanship. Kroo goes to 3.60%, Chip then up to 3.75%, Kroo to 3.80%, Chip 4.0%, Kroo to 4.10% now Chip to 4.21%.

Chase went quietly to 3.8% and Monzo is stuck at 3.7%.

All in the last 3 weeks.

Disco_P · 26 Jun 2023 at 16:10

Being a chip customer be like...

uscool · 26 Jun 2023 at 16:17

Zatoichi.uK said:
Are you able to transfer funds from Chase to Chip? When I tried a few months back it wasn't possible, but Chase have joined the switching program since then I believe.

Chase didnt show up in the list so went Chase to Halifax to Chip

Feek · 26 Jun 2023 at 16:17

englishpremier said:
Things are getting stupid now with the one-upmanship. Kroo goes to 3.60%, Chip then up to 3.75%, Kroo to 3.80%, Chip 4.0%, Kroo to 4.10% now Chip to 4.21%.

I'm waiting for Gibbo to come in and tell us about his coop rate that's completely and utterly unobtainable to anyone except long term customers who put about £10k through their accounts each month :cry:

ci_newman · 26 Jun 2023 at 16:23

I was quite happy with the raise to 3.8% by Chase last week. However Chip going up again to 4.2% is enough for me to move everything out of Chase after interest is paid next month

dlockers · 26 Jun 2023 at 16:45

englishpremier said:
Things are getting stupid now with the one-upmanship. Kroo goes to 3.60%, Chip then up to 3.75%, Kroo to 3.80%, Chip 4.0%, Kroo to 4.10% now Chip to 4.21%.

Chase went quietly to 3.8% and Monzo is stuck at 3.7%.

All in the last 3 weeks.

Competition is "stupid"... got it.

GuruJockStrap · 26 Jun 2023 at 17:03

1 and 2 year bonds fixed at 5.78% here: https://www.oxbury.com/savings

Lloyds also offering 1 and 2 year ISA at 4.95% and 5% respectively: https://www.lloydsbank.com/savings.html#c_115_accordion_2305

Gibbo · 26 Jun 2023 at 17:09

Feek said:
I'm waiting for Gibbo to come in and tell us about his coop rate that's completely and utterly unobtainable to anyone except long term customers who put about £10k through their accounts each month

Still 4.50%, I put several hundred thousand through them and to get the upper rate you need 100k plus in the account, though under 100k is only 0.1% lower (4.40%).

Judging from past they seem to match the BOE rate around two weeks of the BOE updating, so we shall see. Hoping for 5%

beachBOYken · 26 Jun 2023 at 20:20

ci_newman said:
I was quite happy with the raise to 3.8% by Chase last week. However Chip going up again to 4.2% is enough for me to move everything out of Chase after interest is paid next month

Is it quick and easy to move funds in and out with Chip?
I seem to remember having to link bank accounts with them.

Also although I don’t always trust review sites, Chips ratings are quite poor, poor customer service, moving money out issues, puts me off slightly.

Slam62 · 26 Jun 2023 at 20:29

Yeah thanks to this thread I just set up a chip account and moved my money from santander, it went instantly.
Seems to be fscs and 4,2%

Disco_P · 26 Jun 2023 at 20:55

beachBOYken said:
Is it quick and easy to move funds in and out with Chip?
I seem to remember having to link bank accounts with them.

Also although I don’t always trust review sites, Chips ratings are quite poor, poor customer service, moving money out issues, puts me off slightly.

It is as long as you do it all through a single linked bank account. Deposits and withdrawals have always happened within a minute.

uscool · 26 Jun 2023 at 21:08

beachBOYken said:
Is it quick and easy to move funds in and out with Chip?
I seem to remember having to link bank accounts with them.

Also although I don’t always trust review sites, Chips ratings are quite poor, poor customer service, moving money out issues, puts me off slightly.

Once linked bank it's been pretty much instant moving in and out

413x · 27 Jun 2023 at 09:31

Looks like I need a short term cash savings rate. I'm Planning to build this up to 10-15k then buy myself a van in new year so fixes are out the window.

MSE suggests chip. And you guys seem to be on it. And it looks like they keep near or on top of the pile.

Any hoops to jump through?

Freakbro · 27 Jun 2023 at 09:34

413x said:
Looks like I need a short term cash savings rate. I'm Planning to build this up to 10-15k then buy myself a van in new year so fixes are out the window.

MSE suggests chip. And you guys seem to be on it. And it looks like they keep near or on top of the pile.

Any hoops to jump through?

Wasn't too bad to set up, I had a few issues sending money from the account I linked, but I think that was mainly security from my bank blocking it since I had a flurry of large transfers going through

tom_e · 27 Jun 2023 at 09:34

413x said:
Looks like I need a short term cash savings rate. I'm Planning to build this up to 10-15k then buy myself a van in new year so fixes are out the window.

MSE suggests chip. And you guys seem to be on it. And it looks like they keep near or on top of the pile.

Any hoops to jump through?

Nope, you should be up and running in minutes. No fees, no min/max amounts, no need to have X amount of DDs or save X amount per month.

Man-Meat · 27 Jun 2023 at 09:37

I wonder how many people in here are going to actually do their tax on their interest this year?

413x · 27 Jun 2023 at 09:40

Yaayuh! said:
I wonder how many people in here are going to actually do their tax on their interest this year?

Good point. How often do chip pay interest?