We’re struggling at the moment with the huge volumes of messages we’re getting from Forumites about coronavirus and the impact it’s having on their finances. We’re a small team, with limited resources, but we’re doing our best to manage this spike in demand.
At this time, we need your help more than ever so that we can focus our energy on helping the millions of people affected by coronavirus. For now, we plan to leave the Referrers Board open, but we ask that you only post on here within the Referral Board rules especially of once only per referral and on the correct threads. As always please keep it friendly and within the forum rules.
Thank you for your help and understanding at this really difficult time.
Chip+1 instant access savings referral thread
edited 27 January at 6:41PM in Referrers
69 replies 3.1K views
***UPDATE 27/01/21*** Chip are running a new promo until 12pm on 03/02/21 - use my "Platinum Pass" code below to get access to Chip+1 PLUS an extra £5 credit!
Chip (the savings app) have launched an easy access savings account called Chip+1, paying a 1.25% return on up to £5000. Money saved in Chip+1 is FSCS eligible, according to the info page on their website (see link at end of this post).
Chip+1 is only available to when you link a bank account to Chip from one of the following banks:
Bank of Scotland
Marks & Spencer
To join Chip and get access to Chip+1 and an extra £5 bonus credit, use my Platinum Pass code: F524BB49 and make a deposit before 12pm on 03/02/21.
A note on charges: Chip charge a fee £1.50 per month for their "AI saving" auto-saving feature, when Chip will automatically regularly save amounts you can afford, from your linked bank account. You can however avoid this fee by turning off auto saves in the app, although when you do this, you can only save up to £2000 in the Chip+1 account. On the regular Chip savings account, Chip also recently changed their T&Cs so that they can charge 50p per withdrawal, if you withdraw more than once per month (i.e. the first withdrawal each month is free). It is not yet clear whether a similar policy will apply to withdrawals from the Chip+1 account. .
More information on Chip+1 can be found on the following pages:
Further info: https://www.getchip.uk/the-sauce/the-best-returns-on-savings-explained
FAQ (PDF document) : https://global-uploads.webflow.com/5d65390243727621f8413d93/5fa94cf9a88b4b8259a5979c_Chip+1 FAQ_.pdf