The Top Easy Access Savings Discussion Area

TheBanker

I've just applied for the Shawbrook Esaver. I already have ISAs with them so a simple process.

The account's not open yet but my experience from opening the ISAs says it will appear later today and I'll get an email to confirm.

I've been using the Santander Digital E-Saver (3.2%) but it's not competitive any more. Maybe I'll be back in a few weeks if they up their rate again. 

Band7

Loving my CHIP account 

Not long now before I can move my money from my 3.75% YBS 6 access account.....

worriednoob

I was about to apply for a Chip Account, but it's got a lot of negative reviews, with users complaining of being unable to access their savings, unable to contact any staff, problems with transferring money and only being allowed to transfer small amounts of money.  Has anyone else had such experience and would you recommend Chip?

K_S

I've not had any issues using Chip linked to my Monzo main current account. Deposits and withdrawals have been instant and seamless.

Having said that I do keep a small savings buffer in my Monzo savings pot (just above 3% interest I think) just in case there's any issues with Chip and I need access urgently.

worriednoob said:

I was about to apply for a Chip Account, but it's got a lot of negative reviews, with users complaining of being unable to access their savings, unable to contact any staff, problems with transferring money and only being allowed to transfer small amounts of money.  Has anyone else had such experience and would you recommend Chip?

Band7

worriednoob said:

I was about to apply for a Chip Account, but it's got a lot of negative reviews, with users complaining of being unable to access their savings, unable to contact any staff, problems with transferring money and only being allowed to transfer small amounts of money.  Has anyone else had such experience and would you recommend Chip?

I have held a CHIP account since last December. The only issue I ever had was in the early days, when the Santander fraud police stopped a deposit I wanted to make. This was obviously not a problem caused by CHIP. I have since made dozens and dozens of deposits and withdrawals, never had any problems with any of them. They are all instant, 24x7. My largest single deposit was £35k, the largest single withdrawal £45k. Some banks (Barclays?) impose lower limits - again, this is not CHIP's problem.

I never needed their CS but I appreciate that those that do (why??) may have to wait longer than they'd like because it's all chat based, and has limited availability hours.

Check the forum, there have been other discussion threads about CHIP.

grumbler

worriednoob said:

I was about to apply for a Chip Account, but it's got a lot of negative reviews, with users complaining of being unable to access their savings, unable to contact any staff, problems with transferring money and only being allowed to transfer small amounts of money.  Has anyone else had such experience and would you recommend Chip?

It's like marmite. Try it yourself and see. Disable autosave. And don't forget £25 RAF bonus.

SeriousHoax

moi said:

SeriousHoax said:

Hopefully chip might give us a little boost of interest.🤔 or one of the other App based banks.🙂

Are you psychic?  It's just gone to 3.71 AER

🤣🤣🤣 I couldn't believe it when I looked on moneyfacts.

allegro120

SeriousHoax said:

moi said:

SeriousHoax said:

Hopefully chip might give us a little boost of interest.🤔 or one of the other App based banks.🙂

Are you psychic?  It's just gone to 3.71 AER

🤣🤣🤣 I couldn't believe it when I looked on moneyfacts.

I expected this and for this reason decided not to bother with Shawbrook's offer.  Last time when Tandem raised to 3.5%, Chip raised to 3.55% on the same day.  I think they are monitoring IA rates and react promptly to make sure they have the best offer.

patpalloon

worriednoob said:

I was about to apply for a Chip Account, but it's got a lot of negative reviews, with users complaining of being unable to access their savings, unable to contact any staff, problems with transferring money and only being allowed to transfer small amounts of money.  Has anyone else had such experience and would you recommend Chip?

I have avoided for similar reasons.

worriednoob

Thanks for your help everyone.  I've managed to register with Chip, but I've already ran into problems.  Once I was registered, I tried to connect my First Direct bank current account with the Chip account, but Chip only brings up the HSBC app rather than First Direct.  They are both separate banks and have separate apps, so how do I fix this please?

Thanks!