My Savings

The first way i started to gain passive income it to start saving,  so I started to look around and I found a app called chip. They have good reviews and a fairly good savings interest rate of 1.05% which is ok to start off,  so to begin with I'm going to place £50 per month into my account and any passive income I earn in the future to start off with and when I have a decent amount of money in my account I will start investing in other things and hopefully gain more interest. 

UPDATE 29TH JULY 2022

I place £50 into my account on the 29th July 2022 I placed it into a easy access savings account with a interest rate of 1.05% which would be good for compound interest over time

UPDATE 9TH AUGUST 2022

I received my first interest payment of £0.01 into my account on 9th August 2022.

UPDATE 20 AUGUST 2022

I have managed to save another £50 on 20th August 2022 which takes my savings up to £100.00 and with the interest I have £100.02

UPDATE 06 SEPTEMBER 2022

So after two weeks I been slowly gaining interest on my savings account and at present I currently have £100.07 which is a 0.05p growth from last time. I'm going to try and aim for a putting another £100.00 into my account in the next two weeks to take my investment to £200.00

UPDATE 07 OCTOBER 2022

since my last update on the 06 September, I have managed to save £210.43, so that's an increase of £110.36. I saved £100,00 pounds on the 16th of September as a part of my £100 monthly save. I saved £10.22 when I redeemed my £10.22 from loot up. I also received interest of 0.14p on my balance from chip. so that's a total interest of £0.21p. I get paid next Friday so I will place another £100.00 into my account then too.