The Top Easy Access Savings Discussion Area

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SeriousHoax said:

Hi can anyone tell me what this means on my "chip App" when I click on "profile" then on my linked bank it says 
85 days until connection expires.

Every 90 days you have to re-confirm the link to your bank account.

ForumUser7

SeriousHoax said:

Hi can anyone tell me what this means on my "chip App" when I click on "profile" then on my linked bank it says 
85 days until connection expires.

It’s to do with open banking, which, IIRC, has to have it’s connection renewed every 90 days for security purposes.

I have seen some people saying that their nominated bank’s own app doesn’t list an expiry date for the connection though.

Band7

Here's a new one on me. multiple withdrawals & redepositing to extract my CHIP bonus have landed me with an investigation. Thank goodness they are now paying proper interest. 

 

aaj123

Are there any fixed rate savings accounts out there which allow early access or have a mild penalty to do so?

Band7

aaj123 said:

Are there any fixed rate savings accounts out there which allow early access or have a mild penalty to do so?

IIRC there is one non-ISA one, very unusual. Best to check in the Fixed Term thread. ISAs are of course all accessible, see ISA subforum.

infoadict

Band7 said:

Here's a new one on me. multiple withdrawals & redepositing to extract my CHIP bonus have landed me with an investigation. Thank goodness they are now paying proper interest. 

 

Same for me from Chip. Contacted via chat and asked what I should supply as I've built up my funds over 50 years and constantly move my money to chase the best rate, They say they initially want bank statements showing where the money was held before I moved it to Chip.

jaypers

aaj123 said:

Are there any fixed rate savings accounts out there which allow early access or have a mild penalty to do so?

I quite like the Barclays Bonds which allow 10% of your initial deposit to be withdrawn up to 3 times throughout the life of the bond. Not exactly easy access but it’s an interesting option. 

TisMeBill

Band7 said:

Here's a new one on me. multiple withdrawals & redepositing to extract my CHIP bonus have landed me with an investigation. Thank goodness they are now paying proper interest. 

 

I had a source of wealth check after doing my initial deposits.

wiseonesomeofthetime

This is why I cba with Chip.

aaj123

I like the Chase savings account for the fact that while it pays 3% which is slightly below the best access rates, it's the highest among the accounts which are truly 'easy and instant access' - meaning withdrawals can be made to any account (not just a nominated one) and come through as instant faster payments.