Jasmine Birtles
Your money-making expert. Financial journalist, TV and radio personality.
Level up your savings and earn £10 with Chip!
Reading Time: 4 minutesFor some of us, our savings are looking a little bleak. No matter how hard we try to build up our wealth, our savings account remains stagnant. But getting serious about your money can seem daunting, and it may feel futile.
Luckily, there is a helpful solution available. Enter Chip. Chip is the savings account that will help your money grow. With the tap of a few buttons, you can get the markets best interest rates, and the best returns on your savings. It’s easy, automatic and allows you to sit back, put your feet up and watch the money in your account steadily build.
Chip offer their customers premium services and the VIP treatment. They believe you don’t need to be a millionaire to get a millionaire experience, and they are determined to help their customers build slow and steady wealth. They want to help your save for the important times in your life, including buying a house or creating a little nest egg for retirement.
What is the allica savings account?
Allica is Chip’s market leading savings account, which offers a wonderful 0.70% return on your savings. This interest compounds daily, and you can view the progress of your savings directly through the app.
Although the Allica savings account is fairly new to Chip, it has been hugely popular with Chip members, helping to grow their wealth and the returns on their investments. Not only is it easy to access, but it has Financial Services Compensation Scheme (FSCS) protection. Therefore, you can rest easy knowing your savings are being taken care of.
The team at Chip have been working hard to bring customers new and exciting accounts in the next few months, with the Allica account being the latest addition to the world of Chip.
Exclusive access to Allica and a £10 bonus
Feel like you’re missing out? Don’t despair! Luckily for you, Chip are offering Money Magpie readers the chance to gain access to the market leading account Allica, plus get a £10 sign up bonus! It’s your lucky day.
With our exclusive access code, you can join Allica today and gain access to this wonderful savings tool and the excellent return value of 0.70% on your savings. It is finally time to take control of your savings and start seeing the growth you deserve.
To ensure that as many users as possible are able to take advantage of the market-leading account, Chip is initially capping total deposits at £30,000 per person.
So, what are you waiting for? Go to the Chip website and sign up to Chip to gain access to the Allica account and receive your free £10 sign up bonus. Use Money Magpie’s exclusive VIP code MONMAG10 to make the most of this opportunity.
To open the account you need to be on one of the paid membership plans, which gives you access to all of Chip’s features, starting from £1.50 per month.
What is ChipX?
What makes ChipX different from a normal Chip account? ChipX is the membership plan which is designed to take your savings to the next level. It is an execution only wealth management tool, which uses artificial intelligence to save automatically for you. Not only this, but ChipX gives users full access to the Allica savings account, which allows you to earn a brilliant 0.70% (variable) bonus on funds up to £30,000.
Chip are committed to opening up elite wealth management services to the masses, thus it is available to everyone. ChipX has a low platform fee of only 0.25% per annum, which is charged monthly, and gives users access to ethical investing, actively managed funds and tax-free returns. The best part? There aren’t any long, tedious forms to fill out. All you need to do is confirm your nationality and provide your National Insurance number. Easy!
When investing with ChipX, the funds available are provided by BlackRock, who look after a staggering $9 trillion of the world’s investments and have over 50 years’ experience working within the UK. BlackRock’s investment funds spread your money across a wide range of assets, therefore you are not only buying one stock in one company, opening up your opportunity for financial return.
In case you are a little confused about the various accounts available, here is it broken down. Chip is the main app, and ChipX is a membership option within the app, costing just £3 every 28 days. Allica is an account you can access as part of the ChipX membership plan.
Guidelines for Chip users
As with any financial tool, it is important to take into account the user guidelines and terms and conditions. This ensures Chip helps you build wealth whilst you can get the most out of the app.
Always note capital is at risk and past performance is not always a reliable guide to future returns. The value of financial investments can both increase and decrease and you may receive less than you invest.
Chip is for building long term wealth and getting serious about levelling up your savings. Although it is mainly aimed at those wanting to save money, it is a useful tool for investors.
You can read the full terms and conditions here.
*Capital is at risk
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.
Very informative.