Your Chip Cash ISA Interest rate is changing

this email from Chip just now:

"We're getting in touch today with a service message about some upcoming changes to your Chip Cash ISA.

From today (10 June 2026), we’re giving you 30 days’ notice of the following:

We’ll be reducing the interest rate on your Chip Cash ISA to 1.02% AER.

It will no longer track the Bank of England base rate. Please note any applied promotional boost will remain unchanged.
You will no longer be able to transfer into the Chip Cash ISA from today.

These changes will take effect from 10 July 2026.

Your options are:

Explore alternative cash ISA products from Chip. Further details can be found here.
Withdraw or transfer your funds to another provider.

Keep your funds in the Chip Cash ISA powered by ClearBank."

This is all part of the move to get customers over to the 'Smart ISA' which does not offer same day withdrawals.

FYI.