The Top Easy Access Savings Discussion Area

Pompeydave1967

We had to message Shawbrook bank 2 issues ago , within 4 hours upgraded but the last issue and increase was automatically put on to our a/c - thanks Shawbrook 

10_66

Re Chip.  I can see that they state "Any funds that you deposit will be processed into Chip then stored in your own personal FSCS-eligible ClearBank account".  Apologies if a naïve question, but are the funds FSCS protected for the period between  deposit with Chip but before being stored in ClearBank?

liamcov

In the Chip app under Your Account -> Your Membership, it says 'Your current plan will refresh on The, 16 Mar 2023' - any ideas what this is referring to?

ForumUser7

liamcov said:

In the Chip app under Your Account -> Your Membership, it says 'Your current plan will refresh on The, 16 Mar 2023' - any ideas what this is referring to?

https://www.moneysavingexpert.com/news/2022/01/chip-new-price-plans/

bazza55

liamcov said:

In the Chip app under Your Account -> Your Membership, it says 'Your current plan will refresh on The, 16 Mar 2023' - any ideas what this is referring to?

Yes looks like they have 3 plans available, 2 of which costs a monthly fee and so a monthly invoice.
Chip (free), X (£4.99 per month), X (£5.99 per month)

liamcov

How do I withdraw money from the Kroo app? All I see is adding money or sending it to a Kroo contact - I just want to transfer to my bank account.

bazza55

I did a test transfer from Santander of £10 to Chip, everything went through fine.
I then tried a second transfer for a larger amount and Santander had flagged the transaction. After speaking to them they said that it failed a name match, even though the name on the Chip account matches and is exactly the same.
So who knows if this was just a bit of an oversight by Santander not wanting funds to be released, because the Chip account has only recently been opened, although why did the £10 go through ok, or because Chip operates slightly differently and the instant saving account is held by Clearbank.
Anybody else experienced a name check issue from their bank while transferring?
I used the OpenBank feature too.

janusdesign

SeriousHoax said:

Chip 3.15%

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

i'd held off getting a Chip account, but @ 3.15%, I thought i'd give it a go... sadly, I can't link it to my main current account (as it has no app and when using their Open Banking method, it seems to fail (yet other sites have no issue with my banks OB))... secondary current account not an option (though as i've added my card, I'm trapped in a failing OB loop) - I could probably use one of the others, but that's too much hassle... so have told them to close it... hopefully takes less than the fortnight it took Kroo.

no great loss to me as I have other instant accounts paying a greater rate and I can't really think of any likely circumstance where I might need money *now* as opposed to in 20 minutes time.

cwep2

Kent Reliance increases to 3.25%, same 'stable' as Charter Savings which may follow suit.
Moving from 3.00%.

Just noticed this is only for issues 51 and earlier so not open to new accounts (apologies). Applies from 24th Feb.
Another reason to have £1 in a few places for this sort of eventuality.

ranciduk

ForumUser7 said:

alwall said:

Shawbrook needed a nudge to pay me  the correct interest rate.
I noticed that they were paying me 2.28% instead of the 3.02% monthly interest advertised (3.06% Annually) . 
Needed both a secure message and a phone call before they sorted it out

IIRC - Shawbrook releases new issues with higher rates, but does not increase the old issues. Therefore, customers do have to message them to get the rate increased. 

It’s actually the other way round

if they increase a current issue, they do it for you automatically 

However if they introduce a new issue, you need to contact them and ask to be upgraded