The New Top Easy Access Savings Discussion Area

pecunianonolet

friolento said:

Alicon88 said:

Hi All,
gonna ask something probably stupid.
I got a chip account (opened only in June with a boosted rate that at time was 4.56% but now sadly it's only 4.06%)

If I completely close the account and then reopen a new one will I be considered a new client or this doesn't do really work (my question is about chip but also to the others major banks really)

Thank you for your help!

In my experience, Chip remember if they have given you a bonus rate, and you won't get a second one.

However, why not ditch Chip altogether and go with the Zopa 4.75% one? If you are new to Zopa, you might also qualify for some extra cash, on top of the good savings rate.

Should work without problem. Similar chat and further info about the conversation and this topic in the ISA thread.

winkowinko

Yes, I closed my Chip account last Sunday and opened a new one 3 days later. All I did was use a different email.

It was an ISA though, but worked fine.

Alicon88

Thank you all for the replies!
Are your experiences with Zopa okay? Never heard of them tbh! 

allegro120

Alicon88 said:

Thank you all for the replies!
Are your experiences with Zopa okay? Never heard of them tbh! 

In my 3 and half years with Zopa I've never had any problems.

nigelholl2

Alicon88 said:

Thank you all for the replies!
Are your experiences with Zopa okay? Never heard of them tbh! 

I too hadn't heard of them, and had a poor view towards App only Accounts at that time

Been with them since start of October, very impressed, almost instant transfers, and it's changed my view to banking using account apps, now use Nationwide's app to setup RS monthly transfers, as so easy

Other views are obviously available

friolento

pecunianonolet said:

friolento said:

Alicon88 said:

Hi All,
gonna ask something probably stupid.
I got a chip account (opened only in June with a boosted rate that at time was 4.56% but now sadly it's only 4.06%)

If I completely close the account and then reopen a new one will I be considered a new client or this doesn't do really work (my question is about chip but also to the others major banks really)

Thank you for your help!

In my experience, Chip remember if they have given you a bonus rate, and you won't get a second one.

However, why not ditch Chip altogether and go with the Zopa 4.75% one? If you are new to Zopa, you might also qualify for some extra cash, on top of the good savings rate.

Should work without problem. Similar chat and further info about the conversation and this topic in the ISA thread.

Sure, you can open another Chip account. Using the same email address etc. I have done it. But you don't get the same bonus twice.

winkowinko

friolento said:

pecunianonolet said:

friolento said:

Alicon88 said:

Hi All,
gonna ask something probably stupid.
I got a chip account (opened only in June with a boosted rate that at time was 4.56% but now sadly it's only 4.06%)

If I completely close the account and then reopen a new one will I be considered a new client or this doesn't do really work (my question is about chip but also to the others major banks really)

Thank you for your help!

In my experience, Chip remember if they have given you a bonus rate, and you won't get a second one.

However, why not ditch Chip altogether and go with the Zopa 4.75% one? If you are new to Zopa, you might also qualify for some extra cash, on top of the good savings rate.

Should work without problem. Similar chat and further info about the conversation and this topic in the ISA thread.

Sure, you can open another Chip account. Using the same email address etc. I have done it. But you don't get the same bonus twice.

Maybe not the same bonus as the first time you had a Chip account, but they change their rates all the time, and I have received their (current) top paying ISA interest rates twice now. All it required was a different email address. My home address, phone number and NI number (obviously) all stayed the same.

topyam

Has anyone ever been offered a boost on their Starling savings account? The rate is poor atm.

ircE

* Kent Reliance is tied with Revolut @ 3.51%, I go by the order on the Moneyfacts website.

True EA entries are easy access savings accounts which can be opened, and pay the headline interest rate, with a minimum balance of no more than £10. These accounts allow unlimited withdrawals. The table includes accounts with time-limited bonus rates and accounts restricted to new customers - but excludes fee-charging accounts, accounts limited to smaller balances, and accounts only available via savings marketplaces. Instant True EA entries are those True EA accounts which advertise immediate deposit and withdrawals 24/7. Highlighted entries show changes since last time: blue for new entries, green for rate increases, and red for rate falls.

I have excluded Zopa @ 4.75%, the faff associated with it goes against the spirit of True easy access imo. 

Next base rate decision day is next Thursday 6th. 

SH88SH88

ircE said:

* Kent Reliance is tied with Revolut @ 3.51%, I go by the order on the Moneyfacts website.

True EA entries are easy access savings accounts which can be opened, and pay the headline interest rate, with a minimum balance of no more than £10. These accounts allow unlimited withdrawals. The table includes accounts with time-limited bonus rates and accounts restricted to new customers - but excludes fee-charging accounts, accounts limited to smaller balances, and accounts only available via savings marketplaces. Instant True EA entries are those True EA accounts which advertise immediate deposit and withdrawals 24/7. Highlighted entries show changes since last time: blue for new entries, green for rate increases, and red for rate falls.

I have excluded Zopa @ 4.75%, the faff associated with it goes against the spirit of True easy access imo. 

Next base rate decision day is next Thursday 6th. 

Is the 'new' Kent Rel platform speedier than the previous version?  I'm currently on the original version and it's far from Instant