The Chip Easy Access Account currently offers a variable underlying rate of 2.74% AER (2.71% Gross). This rate tracks the Bank of England base rate.
This is paid on the entire balance up to £1,000,000, provided you make a maximum of 3 times in a 12-month period.
How the tracker rate works
Your savings rate is a tracker rate, which means it's a variable rate that automatically moves in line with the Bank of England's base rate. When the base rate goes up or down, your savings rate will move on the same day. This helps your savings stay competitive with the wider market.
The standard rate tracks at 1.29% below the current Bank of England base rate, and the reduced rate tracks 3.35% below the current Bank of England base rate.
How can I check my rate?
You can always check your specific rate, as well as the terms and conditions, in the Savings tab in the app by selecting your Chip Easy Access Account.
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.