The Chip Easy Access Account is a savings account designed to offer you a competitive interest rate while supporting your long-term savings goals with flexible access to your money.
Here's how it works:
You can deposit into and withdraw from the account instantly.
You get three penalty-free withdrawals every 12 months. If you make four or more withdrawals within a 12-month period, your interest rate will be reduced for the remainder of that period.
The account offers a variable interest rate that moves in line with the Bank of England base rate.
Your funds are held with our partner bank, ClearBank, which means your eligible deposits are protected up to £85,000 by the Financial Services Compensation Scheme (FSCS).
Please note: FSCS limits of £85,000 apply to eligible deposits per bank. This means deposits held in the Easy Access Account and any other accounts provided by ClearBank would be eligible for a total of £85,000 of FSCS protection only.
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.