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The Top Easy Access Savings Discussion Area
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Winchmore_Hill_Shot said:Band7 said:Winchmore_Hill_Shot said:I'm showing my ignorance here, but does anyone know whather the Family Account will accept debit card transactions from someone other than the account holder. So would my wife be able to open an account and fund it using one of my Halifax debit cards.0
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Band7 said:Winchmore_Hill_Shot said:Band7 said:Winchmore_Hill_Shot said:I'm showing my ignorance here, but does anyone know whather the Family Account will accept debit card transactions from someone other than the account holder. So would my wife be able to open an account and fund it using one of my Halifax debit cards.1
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fletcher1985 said:not sure if anyone has posted this but if you use top cashback you get £25Chip Instant AccessA new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.Exclusive Offer£25.00fletcher1985 said:not sure if anyone has posted this but if you use top cashback you get £25Chip Instant AccessA new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.Exclusive Offer£25.00
I've already looked at Topcashback but they do not specify the time period that the £5,000 has to be in by. For all we know they could just look at the initial deposit and if it falls short, then no cash back!0 -
nottsphil said:fletcher1985 said:not sure if anyone has posted this but if you use top cashback you get £25Chip Instant AccessA new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.Exclusive Offer£25.00fletcher1985 said:not sure if anyone has posted this but if you use top cashback you get £25Chip Instant AccessA new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.Exclusive Offer£25.00
I've already looked at Topcashback but they do not specify the time period that the £5,000 has to be in by. For all we know they could just look at the initial deposit and if it falls short, then no cash back!1 -
£25 is possibnottsphil said:fletcher1985 said:not sure if anyone has posted this but if you use top cashback you get £25Chip Instant AccessA new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.Exclusive Offer£25.00fletcher1985 said:not sure if anyone has posted this but if you use top cashback you get £25Chip Instant AccessA new savings account from Chip built to move with the Bank of England and reward you faster than the banks. Earn a 3.40% return on your savings just deposit £5,000 or more to qualify for £20 cashback.Exclusive Offer£25.00
I've already looked at TopcashbackThat's exactly what I see there now - £25 and £20.but they do not specify the time period that the £5,000 has to be in by. For all we know they could just look at the initial deposit and if it falls short, then no cash back!Even worse, it's a mystery how they can track this as ultimately Chip direct you to Google Play to download the app. As I said above my cashback wasn't tracked and I don't hold much hope that the claim will be successful. IMO, it's better to use RAF instead.
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Did I read somewhere that there is an optimal date each month that money should be withdrawn from Chip in order to avoid/minimise loss of interest? I can't find the relevant post over the past few pages, and would be grateful if someone could summarise this please. Thanks in advance!
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intalex said:Did I read somewhere that there is an optimal date each month that money should be withdrawn from Chip in order to avoid/minimise loss of interest? I can't find the relevant post over the past few pages, and would be grateful if someone could summarise this please. Thanks in advance!If you want me to definitely see your reply, please tag me @forumuser7 Thank you.
N.B. (Amended from Forum Rules): You must investigate, and check several times, before you make any decisions or take any action based on any information you glean from any of my content, as nothing I post is advice, rather it is personal opinion and is solely for discussion purposes. I research before my posts, and I never intend to share anything that is misleading, misinforming, or out of date, but don't rely on everything you read. Some of the information changes quickly, is my own opinion or may be incorrect. Verify anything you read before acting on it to protect yourself because you are responsible for any action you consequently make... DYOR, YMMV etc.0 -
intalex said:Did I read somewhere that there is an optimal date each month that money should be withdrawn from Chip in order to avoid/minimise loss of interest? I can't find the relevant post over the past few pages, and would be grateful if someone could summarise this please. Thanks in advance!
They pay the interest for the previous month on the 4th business day of a month. If you close the account before the interest is paid, you will lose the interest for the entire previous month, and for the 1st, 2nd, 3rd and 4th of the current month. This is different to all other savings accounts I know of, and is quite cheeky, but not really a problem.
To get everything that rightfully yours out of the account, you should- withdraw your entire balance on the 1st of a month. So you earn interest up to and including the last day of the previous month, and no more interest in the current month
- withdraw the interest on the 4th business day of the month. You might have to wait until late afternoon on that day before you can see the interest
- close the account then -- or just let it sit there with a zero balance. Apparently they will close accounts which have been dormant with a £0 balance after 6 months.
If you don't manage to withdraw your balance on the 1st of the month, your money starts earning interest again in the new month but you can't get at that interest until the 4th business day of the next month.2 - withdraw your entire balance on the 1st of a month. So you earn interest up to and including the last day of the previous month, and no more interest in the current month
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Gatehouse have increased their rate on easy accessapologies ! the picture is condensedrate increased from 2.96% to 3.01%1
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