The Prize Savings Account is an easy-access savings account with instant deposits and withdrawals.
It is powered by our partner bank ClearBank, and all deposits are ultimately held by them and covered by the Financial Services Compensation Scheme (FSCS) up to £85,000 (see our ‘how we protect your money’ webpage to learn more about FSCS at Chip).
The only difference between the Prize Savings Account and any other savings account is that instead of earning interest, you will have a chance to win tax-free prizes.
Need further help?
If you have any further questions, get in touch with our support team using the in-app chat (this can be found in the Contact us section on the Profile tab) or by email at hello@getchip.uk for further help.