There is such a thing as free money! Although in very small amounts, but in this economy, every little helps. Both Chip and Plum offer interest rates higher than all high street banks.
Top of the pack
Chip
With an easy and simple premise, Chip saves money from your bank account, intelligently, and earns you interest. The intelligent bit means it’s algorithm analyses your spending to make sure you save the right amount without going overdrawn! The more friends you refer, the higher the interest rate, with the maximum rate capped at 5% a year. Chip can work away in the background or you can manually save up to £100 a day.
You can get an additional 1% using my code 3IQJOM (I also get 1%).
Runner up
Plum (referral link)
Although no need for a seperate app, you do need to have a Facebook account as Plum works entirely from within facebook messenger. Plum also checks your bank spending and saves an appropriate amount, you can then choose whether to save on a rolling interest rate with Ratesetter, approximately 3-4%, or take a risk and invest in markets (this is where you could lose money). This will all be done within a few simple taps within messenger.
I was super impressed with how much I passively saved within a few months, although you should remember to move the savings to Ratesetter or invest, within the app, otherwise your money is not doing anything for you - Chip removes the need for this additional step.
Top of the pack
Chip
With an easy and simple premise, Chip saves money from your bank account, intelligently, and earns you interest. The intelligent bit means it’s algorithm analyses your spending to make sure you save the right amount without going overdrawn! The more friends you refer, the higher the interest rate, with the maximum rate capped at 5% a year. Chip can work away in the background or you can manually save up to £100 a day.
You can get an additional 1% using my code 3IQJOM (I also get 1%).
Plum (referral link)
Although no need for a seperate app, you do need to have a Facebook account as Plum works entirely from within facebook messenger. Plum also checks your bank spending and saves an appropriate amount, you can then choose whether to save on a rolling interest rate with Ratesetter, approximately 3-4%, or take a risk and invest in markets (this is where you could lose money). This will all be done within a few simple taps within messenger.
I was super impressed with how much I passively saved within a few months, although you should remember to move the savings to Ratesetter or invest, within the app, otherwise your money is not doing anything for you - Chip removes the need for this additional step.
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