The Top Easy Access Savings Discussion Area

happybagger

Bridlington1 said:

The only thing I would say regarding chip is that they did do a sign up offer last year via the Andy Webb website, I think it was for £10/£20 or something, for new customers only.

Still got it via the topcashback site, nothing via quidco, for anyone still looking as a new customer who is on TCB.
Note the £5k min, and check the t&c's as always

https://www.topcashback.co.uk/chip-loans/

Band7

Bridlington1 said:

The only thing I would say regarding chip is that they did do a sign up offer last year via the Andy Webb website, I think it was for £10/£20 or something, for new customers only.

I personally have a few easy access accounts at 3% or above, including the flexible VM exclusive cash ISA at 3% so will hold off opening chip for now, just in case they launch another sign up offer.

Looks like you can get £20 cashback from CHIP right now if you can deposit £5k
https://www.topcashback.co.uk/chip-loans/

phillw

Band7 said:
Looks like you can get £20 cashback from CHIP right now if you can deposit £5k

https://www.topcashback.co.uk/chip-loans/

Yeah, mine has tracked. Doesn't say when it's payable.

uptdale

TiVo_Lad said:

Neither the Current Terms and Conditions, or those effective from next month, available on the CHIP website, make any mention of fees for the Instant Access Savings Account.

https://www.getchip.uk/savings-accounts/instant-access-account

Near the bottom under "Got a question?"

But (unsurprisingly) the Ts and Cs can be changed by Chip.  All they have to do is give you "reasonable advance notice".

Para 19.2 of Chip's general Ts and Cs, to be read with the instant access Terms.

tg99

Does pulling in money to the Chip instant access account work in tandem with your linked bank account’s payment limits? Eg so for Santander that has max £25k per bank transfer faster payment online would you need to do two £25k pulls if wanted to deposit £50k in total? 

jaypers

Looks as though Charter have launched an Easy Access Issue 31 at 2.64%

Would suspect that this issue won’t be getting uplift to 3% on 23/2 but I’m guessing here.

Band7

tg99 said:

Does pulling in money to the Chip instant access account work in tandem with your linked bank account’s payment limits? Eg so for Santander that has max £25k per bank transfer faster payment online would you need to do two £25k pulls if wanted to deposit £50k in total? 

The max limit from Santander to CHIP is actually £15k. I am not sure whether this is a CHIP limit, or a Santander limit for Open Banking transactions. You can make several £15k deposits a day though, in short succession (if Santander let you.....but that's a different matter....)

I have seen people reporting their CHIP limit at other banks are lower. Barclays £8k, for example, and I think someone else said £2k but I can't remember which bank

tg99

Band7 said:

tg99 said:

Does pulling in money to the Chip instant access account work in tandem with your linked bank account’s payment limits? Eg so for Santander that has max £25k per bank transfer faster payment online would you need to do two £25k pulls if wanted to deposit £50k in total? 

The max limit from Santander to CHIP is actually £15k. I am not sure whether this is a CHIP limit, or a Santander limit for Open Banking transactions. You can make several £15k deposits a day though, in short succession (if Santander let you.....but that's a different matter....)

I have seen people reporting their CHIP limit at other banks are lower. Barclays £8k, for example, and I think someone else said £2k but I can't remember which bank

Thanks. In terms of withdrawals back to Santander from Chip, am not aware of any limits that would apply here at either end or do things work differently when doing it by open banking (e.g. would Santander not accept payments in over a certain limit by open banking etc?)

Band7

tg99 said:

Band7 said:

tg99 said:

Does pulling in money to the Chip instant access account work in tandem with your linked bank account’s payment limits? Eg so for Santander that has max £25k per bank transfer faster payment online would you need to do two £25k pulls if wanted to deposit £50k in total? 

The max limit from Santander to CHIP is actually £15k. I am not sure whether this is a CHIP limit, or a Santander limit for Open Banking transactions. You can make several £15k deposits a day though, in short succession (if Santander let you.....but that's a different matter....)

I have seen people reporting their CHIP limit at other banks are lower. Barclays £8k, for example, and I think someone else said £2k but I can't remember which bank

Thanks. In terms of withdrawals back to Santander from Chip, am not aware of any limits that would apply here at either end or do things work differently when doing it by open banking (e.g. would Santander not accept payments in over a certain limit by open banking etc?)

You are right, withdrawals should not be subject to limits. AFAIK, there's no Open Banking involved in withdrawals from CHIP, just Faster Payments. I have withdrawn £40+k from CHIP to Santander in a single transaction, without any problems (arriving back in Santander within seconds). There's also no checking on the CHIP side of things as your only option is to withdraw to the account you have registered with CHIP.

flobbalobbalob

jaypers said:

Looks as though Charter have launched an Easy Access Issue 31 at 2.64%

Would suspect that this issue won’t be getting uplift to 3% on 23/2 but I’m guessing here.

It wil be interesting to see what happens. So far issues 1 to 29 have all been given the 2.75 on the same date (but not issue 30 !)