Chip savings

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I’ve recently opened a savings account with Chip, with a relatively small deposit of £2500. There have been a few teething problems logging into the account using my iPhone, but apart from that there’s not enough reason to make me close the account.
What I can’t quite get my head around though, and I’ve read their website a couple of times, is the whole business of ‘auto saves’ and in this respect I’ve had an email today saying “I’ve just auto saved £x” How? Does this money get added to my account balance at some point? Am I right in thinking that Chip might be simply making use of funds that they see as lying otherwise idle in my linked account?
Am sure it’s relatively straightforward but just can’t understand it so a response for this layman would be appreciated. Thank you
What I can’t quite get my head around though, and I’ve read their website a couple of times, is the whole business of ‘auto saves’ and in this respect I’ve had an email today saying “I’ve just auto saved £x” How? Does this money get added to my account balance at some point? Am I right in thinking that Chip might be simply making use of funds that they see as lying otherwise idle in my linked account?
Am sure it’s relatively straightforward but just can’t understand it so a response for this layman would be appreciated. Thank you
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Chip is connected to your linked account using open banking, and it looks at your balance/usage and works out how much it can save. That amount is then automatically transferred from your linked account to your Chip account and shows up in your Chip app after a few days (think of it like a card payment - the money leaves your account straight away but takes 2-3 days to show up in your statement).
This process to look/work out/save is repeated by Chip every 4-5 days. The amount is saves fluctuates each time depending on your usage/balance of your linked account e.g., it may save £100 on one day and £46 the next time.
You can also choose the level of the minimum or maximum you want Chip to save - and it will work out the amount to auto-save within this level (again the actual amount will fluctuate).
Once you see how much on average you can save each week/month, you could look to switch off the auto-save function and just transfer the money yourself manually - you can do it in the time it takes for the kettle to boil! Save yourself on fees and continue building your savings pot - just a suggestion which I've been doing since Chip started to charge.
(The CHIP instant access saver is FSCS protected)
The recommendation on this forum has been for quite some time to switch off autosaving immediately after opening the instant saver. Unless you do want to pay them for some reason to do your saving.