The Top Easy Access Savings Discussion Area

redchiz

Wow! I guess I should have realised this place was populated by rate tarts like me, all hail Martin and MSE! I am fast coming to the conclusion that Chip is a keeper. And for anyone who is put off by the cautionary notes on the main page about it being a bit "complicated," don't be. Once you have set up the connected banking it is a breeze, both deposits and withdrawals are literally instant, which is more than can be said for some providers who masquerade in the Top accounts "easy access" section. 

redchiz

I should have added, I guess Oxbury are having a mass exodus now that their 15 minutes of fame seem to have passed?

georged123

redchiz said:

Wow! I guess I should have realised this place was populated by rate tarts like me, all hail Martin and MSE! I am fast coming to the conclusion that Chip is a keeper. And for anyone who is put off by the cautionary notes on the main page about it being a bit "complicated," don't be. Once you have set up the connected banking it is a breeze, both deposits and withdrawals are literally instant, which is more than can be said for some providers who masquerade in the Top accounts "easy access" section. 

I find Chip's description on the best rates table a bit misleading. It's pretty simple to setup and certainly no more hoops than anything else on there.

martinm1

If you do ditch chip after 4th working day of month you don't get the interest.  Is that correct how I read their terms?  Just something to be aware of.

masonic

martinm1 said:

If you do ditch chip after 4th working day of month you don't get the interest.  Is that correct how I read their terms?  Just something to be aware of.

Where did you read that in the terms?

boingy

martinm1 said:

If you do ditch chip after 4th working day of month you don't get the interest.  Is that correct how I read their terms?  Just something to be aware of.

Have you got a link for that? 

4justice2

Ford up to 4.35% annual, 4.27% monthly from today. Not had the email but shows on app.

Bigwheels1111

martinm1 said:

If you do ditch chip after 4th working day of month you don't get the interest.  Is that correct how I read their terms?  Just something to be aware of.

That’s not correct, I ditched Chip for Coventry last month. Then went back after Chips rate rise.
I got all the interest I was owed. I was board and had been taking screenshots every day to see 
my interest grow. I had a shot of the day I moved and the last day of the month.
The amount was correct when I got paid on the 06-07-23.

razord

Bigwheels1111 said:

martinm1 said:

If you do ditch chip after 4th working day of month you don't get the interest.  Is that correct how I read their terms?  Just something to be aware of.

That’s not correct, I ditched Chip for Coventry last month. Then went back after Chips rate rise.
I got all the interest I was owed. I was board and had been taking screenshots every day to see 
my interest grow. I had a shot of the day I moved and the last day of the month.
The amount was correct when I got paid on the 06-07-23.

This will be if you fully close the account, not just reduce the balance to £0 or £1.

wiseonesomeofthetime

"Inflation in the UK dropped to 7.9% in the year to June from 8.7% in May, according to the Office for National Statistics." - BBC

Let's see what effect that has on decision making at the next BoE interest rate meeting in a few weeks' time.