We all aim to get better at saving. Fact. In truth though, it can alienate many people, and knowing who to bank with, how to pay in, what to pay in, it all becomes a little bit confusing. At MoneyMagpie we try to keep our readers up to date with all the best new ways to save, ways to make money and new products that can lend that extra helping hand. Therefore our interest is piqued with a new product that has landed on the market and does all of that for you. Chip automatically takes the money from your bank account, without you having to worry.
What is Chip?
Chip is essentially an app. You can directly transfer money to the account and access it at any time. They offer a choice of two different memberships: Chip or ChipX.
Chip is their standard plan, which is free to use. On this plan, you have access to all of their accounts (other than the stocks and shares ISA), auto-saves and the Payday Put Away feature as well as three of their investment funds.
They also offer a paid service called ChipX: This is their premium plan offering the very best of Chip with access to the full range of BlackRock funds on their investment platform, exclusive features and early access to new products!
The full details on the plans can be found on their website here.
What are their rates like?
First and foremost, Chip isn’t a normal savings account. Chip automatically builds your savings and fights to bring you amazing savings rates.
Their AI-powered, auto-saving tech builds your savings for you, automatically putting aside the perfect amount, based on your goals and spending habits.
How does it Work?
Use our clever tech to effortlessly turn your beer money into holiday money, and your holiday money into something life changing. The average Chip saver automatically saves around £3,000 a year. Without. Doing. A. Thing.
The average Chip saver automatically puts aside an extra £3,000 a year. It’s that easy.
How to Sign Up
Join over 400,000 already saving with Chip, and get set up in less than 60 seconds. By clicking on this link you can sign up now.
Use code MAGPIE22 for a free £10 to kickstart your savings.
Please note this is a paid partnership between Chip and MoneyMagpie.
Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.