We don't need to tell you savings interest rates are low. Most are lower than the inflation rate, so you could even be losing money in real terms.
We've already brought you our market-beating Chip+1 savings account, but it's time to take your savings up a gear by considering investing.
Which is why we've built ChipX.
ChipX has a range of investment funds with something for all risk appetites on the menu; generally the higher the returns, the greater the risk.
The funds available with ChipX are brought to you by BlackRock, who look after $9 trillion of the world’s investments and have over 50 years’ experience in the UK.
We’ll share more information about the funds soon.
BlackRock’s investment funds typically spread your money across a wide range of assets (for example, the “Expert Managed Adventurous Fund” invests in more than 1,000 assets), which means you're not buying one stock in one company.
Basically instead of building a portfolio by picking your own stocks, an expert has done it for you.
The £30 cash bonus will be paid into your Chip +1 Savings Account i.e. not into your investment account on the bonus date which is approximately 90 days from the date you invest. You will only be able to access the bonus by withdrawing the full balance from your Chip + 1 Savings Account.
Sign up to Chip and enter VIP code in the profile tab Open an Investment Fund and invest £30. Keep the £30 deposited in the investment fund and be eligible for a £30 bonus.
Investments are not guaranteed and may fall as well as rise, so you may get back less than you originally invested.
Investing is a long term commitment and you will see years where growth is low, stagnant, or negative. Just make sure you’re keeping a 5+ year view on things and even consider spreading your money across multiple funds (for more on this see ‘can the value of my investment go down as well as up?’).
Chip Financial Ltd is an Appointed Representative of P1 Investment Management Ltd, which is authorised and regulated by the Financial Conduct Authority, under Firm Reference Number 752005.