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Chip's Prize Savings Account

jaceyboy

jaceyboy Posts: 245 Forumite

100 Posts

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10 June 2023 at 5:53PM in Savings & investments

Just wondering if this is a gimmick, has anyone won anything through it? ive chucked £500 into it but didnt win anything in June

0

Comments

eskbanker Posts: 36,740 Forumite

10 June 2023 at 6:03PM

There are quite a few threads on here about it, many of which ask the same questions, so worth reading through some of them, such as:

https://forums.moneysavingexpert.com/discussion/6438631/chip-prize-draw-account/p1
https://forums.moneysavingexpert.com/discussion/6450165/chip-prize-savings-account
https://forums.moneysavingexpert.com/discussion/6422991/getchip-false-advertising/p1

1
Macsidia Posts: 65 Forumite

11 June 2023 at 1:49PM

Terrible odds of 6561 to 1 and you'll most likely get £10 a month for £65K invested.

Save £12,000 in 2024: £17,500 out of £12,000.
Save £12,000 in 2025: £0 out of £12,000.
3
jaceyboy Posts: 245 Forumite

12 June 2023 at 9:54AM

Pulled mine out

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