I can see this on their website. Do you have link of the 1.25%?
Would anybody like to invite me to chip for the +1?
Haven’t yet used chip+ or whatever it is called, so can’t vouch for it, but done!
If anyone would like to slide into my DMs too, that would be appreciated
Edit: I’m all good now guys
Good stuff, thank you.
If two of you need an invite one of you just needs to download the app and then invite the other and you’ll both get the 1.25%
If anyone else needs a Chip+1 link you can use mine:
[edit: I have removed the invite link since my post was flagged, apologies]
Can you invest £5k into Chip’s interest account and not pay any fees on the service itself?
Currently trying to work out how to do this.
I think you could put the minimum bank balance ridiculously high £1m+ which prevents auto-saving being triggered which is when the fees come into play
yes just change the auto save settings
Oops sorry looks like I wasn’t meant to invite y’all above, post says flagged as inappropriate
Currently, if you turn off the auto saving you won’t get charged any fees, however there have been a few updates to the fee structure recently so worth keeping an eye on
The Marcus interest rate is dropping to 0.4% on 1st April 2021
Paltry as it is to begin with I’m sure that 0.4% rate will be at least halved by this time next year.
Cash ISAs were a decent inclusion to an investment portfolio back in the days of 5% interest rates but not now.
Cash rly is trash for the foreseeable.
…cash flow however, that be a different story
The western world has entered the era of ‘invest in everything’, ‘hold very little cash’.
I wish I could comment more of an insight than that.
1.25% in chip currently up to 10k