ChipLite - 0% bonus

Biggsy1

Ed-1 said:
You're confusing the plan with the account.

Chip+1 is the account that pays a 1.25% bonus on up to £2,000 (on the ChipLite plan) or £5,000 (on the ChipAI plan which can be free if you never autosave more than £100).

Chip also have a non-interest account which is opened by default when you sign up to Chip. Funds in this are non-FSCS protected.

You need to open the Chip+1 account to get the bonus.

You can also open another interest account with Chip too.

Thank you Ed-1. (And sorry I didn't see your reply before I posted my comment above).

I've now had a reply from Chip as well:
   "ChipLite is not an account it is a membership plan, the actual account is +1 which is available on your account, you just need to move your money into it to earn the 1.25%. There is no charge for having a +1 account!"

Yes I was confused. It does seem rather confusing after all.