Chip 1.25%

humphreypalmer

Highlighted in today's MSE news letter Chip Financial Limited are offering an APP linked to your bank account and offering 1.25%  up to 10000 pounds which they say is protected under the FSA but on checking the register for Chip Financial Limited and the numbers given on their terms and conditions I cannot find this company can any one explain why MSE is also offering a code to be entered on their APP MSE10. They also want to know your Bank details and pay money in. I find that not acceptable if they had given their details to pay money in that would be more acceptable.   Any comments please.

eskbanker

https://www.moneysavingexpert.com/savings/savings-accounts-best-interest/#chip has a fuller explanation....

PRAISETHESUN

Chip isn't a traditional savings account - it's an app that tries to do a lot of things (none of them very well in my opinion). You should definitely do a bit of reading to understand how it works before you commit to it as it is anything but straightforward. It's been discussed a few times on the forums so if you do a quick search you should find what you are looking for.