Chip Cash ISA reducing from 4.13% to 1.02%

Detail_Merchant

I had an email from Chip today giving me 30 days notice that the interest rate will decrease on 10 July quite dramatically.

Just wondering if anyone else has had the same, or if this is only for some customers…

Detail_Merchant

Just seen the previous thread starts with a post about the same reduction, so at least I know it's not just me…

https://forums.moneysavingexpert.com/discussion/6671974/cash-isa-with-instant-withdrawal

Rosa_Damascena

@Detail_Merchant - take a look at this thread. Unless you are also also labouring under the pseudonym NoDetail2Small?

Detail_Merchant

https://forums.moneysavingexpert.com/discussion/comment/82030911#Comment_82030911

Thanks - I should have thought to look at that thread - I can see stompa's post in there about the drop.
I only post as Detail_Merchant - NoDetail2Small isn't me. :-)

NoDetail2Small

I can also confirm that I am my own man … better get back to the labouring. 😜

Ch1ll1Phlakes

At effort from Chip to move Cash ISA customers to the newer Smart Cash ISA at 3.75%. Has it's own flaws but do your own reading if thinking of transferring out of the Cash ISA before it drops to 1.02%.

Detail_Merchant

https://forums.moneysavingexpert.com/discussion/comment/82032497#Comment_82032497

Thanks - hopefully I can beat 3.75% so will go to someone other than Chip.

Considering Monument Bank Easy Access Cash ISA Boosted Rate paying 4.34%