The Top Easy Access Savings Discussion Area

AmityNeon

Zaul22 said:

So have Chip become an actual bank now then?

They partner with ClearBank to offer their Instant Access Account.

andyhicks88

Good news indeed. It's where my remaining spare money will be going.  Still quite annoyed I missed that Coventry 6 Access rate through my own stupid mistake though, honestly can't believe I did that. What a wally.

Band7

Brilliant news about CHIP. The only remaining challenge is to get the bonus out after the final time it has been credited. I haven't seen information about the date the final bonus will be credited - has anyone else?

brucefan_2

Band7 said:

Brilliant news about CHIP. The only remaining challenge is to get the bonus out after the final time it has been credited. I haven't seen information about the date the final bonus will be credited - has anyone else?

January accrued 'bonus' will be paid February 7th

For Bonus accrued between 1st and 10th February, this will be 'awarded' to the account on 11th February as a one-off final award.

As you quite rightly point out, the final hurdle is having a sensible way of withdrawing/removing the bonus woithout having to withdraw the whole amount and then re-depositing.

David

Band7

brucefan_2 said:

Band7 said:

Brilliant news about CHIP. The only remaining challenge is to get the bonus out after the final time it has been credited. I haven't seen information about the date the final bonus will be credited - has anyone else?

January accrued 'bonus' will be paid February 7th

For Bonus accrued between 1st and 10th February, this will be 'awarded' to the account on 11th February as a one-off final award.

As you quite rightly point out, the final hurdle is having a sensible way of withdrawing/removing the bonus woithout having to withdraw the whole amount and then re-depositing.

David

Oh super, very clear explanation. Also very fair.

The only way to get at the bonus remains to withdraw the lot, and then re-depositing once they have paid the bonus the next day.

happybagger

I've just seen a comment on maxing out the Barclays Rainy Day Saver on the RS thread. Have I got this right? You have to have the current account (requiring £800 paid in each month), then join blue rewards, then pay £5p/m? Bringing the AER down to (I make it) 3.92%?

k_man

happybagger said:

I've just seen a comment on maxing out the Barclays Rainy Day Saver on the RS thread. Have I got this right? You have to have the current account (requiring £800 paid in each month), then join blue rewards, then pay £5p/m? Bringing the AER down to (I make it) 3.92%?

If you have 2 X DDs setup, you get £5 in Rewards, which cancel out the fee:

https://forums.moneysavingexpert.com/discussion/6414931/barclays-blue-rewards-rainy-day-saver

[Deleted User]

Re-Barclays and the two Direct Debits, you have to make sure you get the account before the two direct debits are paid with the calendar month, otherwise you lose the first £5. That happened to me. Opened the account on 17th, my direct debits come out 4th & 24th so that counted as only one the first month, I thought it was going to be a month from the day you open it. You live and learn.

AmityNeon

Deleted_User said:

Re-Barclays and the two Direct Debits, you have to make sure you get the account before the two direct debits are paid with the calendar month, otherwise you lose the first £5. That happened to me. Opened the account on 17th, my direct debits come out 4th & 24th so that counted as only one the first month, I thought it was going to be a month from the day you open it. You live and learn.

That happened to me as well, but I complained and managed to get the fee refunded.

ForumUser7

Deleted_User said:

Re-Barclays and the two Direct Debits, you have to make sure you get the account before the two direct debits are paid with the calendar month, otherwise you lose the first £5. That happened to me. Opened the account on 17th, my direct debits come out 4th & 24th so that counted as only one the first month, I thought it was going to be a month from the day you open it. You live and learn.

Thanks for this - I was going to sign up for blue rewards mid-month but both my ecology direct debits are taken on the 1st of the month I think. If I was to apply for blue rewards at like 00:00:01 on 1st February, should that work fine for the blue rewards system please? I'm unsure how registration works - i.e. is it instant, does it take place from the next day etc. Thank you