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What are the prizes in the Prize Savings Account?

Ryan avatar
Written by Ryan
Updated over 2 weeks ago

All prizes are tax-free sums of ‘bonus money’ we pay directly to your Prize Savings Account.

Please note: Chip does not provide tax advice. Tax treatment depends on individual circumstances and may be subject to change in the future

The prize amounts can change each month and we’ll publish next month’s prizes on our website no later than five calendar days before the start of the next draw.

We commit to always paying at least one Grand Prize of £10,000 and 250 ‘additional prizes’ of £10. Though, generally we pay much more than this!

In October, there will be £75,000 of prizes;

  • 1x Grand Prize of £10,000;

  • 2,500x additional prizes of £10, and;

  • 8,000x additional prizes of £5.

In November, there will be £12,500 of prizes;

  • 1x Grand Prize of £10,000, and;

  • 250x additional prizes of £10.

But, in December there will be £500,000 of prizes;

  • 1x Grand Prize of £250,000;

  • 100x additional prizes of £1,000;

  • 5,000x additional prizes of £10;

  • 20,000x additional prizes of £5.

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.

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