That is the boosted rate 
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Doh 
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Not really comparing like with like with Chip being instant access. A month can feel a long time to wait for your money! I hope Chip do respond, though - I like surprises 
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Just received the ‘official’ email from Zopa on the update:
We’re getting in touch to let you know that rates for our Smart Saver are changing. Here’s what that means for you:
The new rate for your Access pots will be: 3.46% AER variable* (3.40% gross**). This was applied to your account on 19/05/23. The old rate was: 3.34% AER* variable (3.29% gross**).
The new rate for your 7 Day Boosted pots will be: 3.50% AER variable* (3.44% gross**). This was applied to your account on 19/05/23. The old rate was: 3.38% AER* variable (3.32% gross**).
The new rate for your 31 Day Boosted pots will be: 3.60% AER variable* (3.54% gross**). This was applied to your account on 19/05/23. The old rate was: 3.45% AER* variable (3.39% gross**).
The new rate for your 95 Day Boosted pots will be: 3.70% AER variable* (3.63% gross**). This was applied to your account on 19/05/23. The old rate was: 3.55% AER* variable (3.49% gross**).
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Tandem now upping their rate - if you currently have the Top Up of 0.35% the new rate (if I read this right) is 3.75%.
I’m hanging in until I see Chip up the game.
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Chip upped to 3.82
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Just seen Zopa is now offering a Cash ISA in beta… but only at 2.5% for instant access? Seems weird that they’d launch something with a rate so much worse than competitors.
It’s always going to be lower to account for it being tax-free. However, that is still rather uncompetitive.
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About time, but not enough - 3.99% would have been better, of course , not my call.
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I don’t see anyone else moving to 4.25% anytime soon.
The Hanley one is pretty restrictive as well.
Just a point about Raisin, in case someone has no experience of them. Raisin is a third party or indirect marketplace. The rates offered are sometimes decent, but their processes and interface are very slow. Well, comparatively. Certainly of no use to anyone who likes instant transactions and transfers.
Only thing in their favour is that often the rates offered are better than going to the source institution direct, and sometimes cashback is offered via such as MSE.
They’re lagging behind when their 90-day rate is less than Chip’s instant rate…
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Disappointing increases, given recent activity by competitors.
Instant access rate is less than Tandem, Ford and RCI. And even Kroo…
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Chip’s 90 day rate is 4.1%
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Xopa are just not competing atm.
Perhaps, as their coffers empty, they will re-evaluate 
My account will be empty by the end of this month.
Where are you moving to?
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Skipton Tracker at 3.60% until 1 July, then it transfers into my Skipton Members RS at 7.50%
I only have £259 left in Zopa, in my last ladder pot.
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I have 5 90 day ‘accounts/pots’ whatever, all due by the end of this month. All going to Chip, at present, unless something hoves into view giving me a better option.
The 4.1% Chip 90 looks good at the moment but I expect that it will be outdone soon by someone without any notice period.
That seems an unnecessary extra step to me too.
Can you transfer to the 1.10% account from the 3.82%, to save using external provider?
1 Like