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Chip+1 instant access savings referral thread

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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.
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Chip+1 instant access savings referral thread

edited 27 January at 6:41PM in Referrers
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Money_Man_SteveMoney_Man_Steve Forumite
474 posts
Part of the Furniture 100 Posts
edited 27 January at 6:41PM in Referrers
***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
First Direct
Lloyds Bank
Marks & Spencer
Ulster Bank

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:
FAQ (PDF document) : FAQ_.pdf



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