You can see the full T&Cs of this promotion here.
What is the Chip ISA Tax Year 26/27 Promotion?
We’re helping you make the most of the new tax year by offering a one-year rate boost on your Smart Cash ISA. Depending on how much you deposit into your ISAs with Chip, you can unlock an added boost of either 0.25% or 0.75% AER.
Key things to remember:
The boost is for one year: It will be applied on 1 May 2026 and will last for 365 days.
It’s capped: The boosted rate only applies up to the first £20,000 of your balance in the Smart Cash ISA.
Variable rates: Because the Smart Cash ISA has a tracker rate, the underlying rate can change if the Bank of England base rate moves, but your promotional boost remains the same for the full 12 months. Please note: Interest is paid annually into the Smart Cash ISA on the anniversary of the account opening.
How do I qualify for the Chip ISA Tax Year 26/27 Promotion rate boost?
To join the promotion, you need to be a UK resident over 18 and have an open Smart Cash ISA. You then need to make or have made new deposits into any of your Chip ISAs (including the Chip Cash ISA, Smart Cash ISA, or Stocks & Shares ISA) between 6 April 2026 and 23:59 on 30 April 2026.
To get a 0.75% boost on your Smart Cash ISA: Deposit at least £20,000.
To get a 0.25% boost on your Smart Cash ISA: Deposit at least £10,000.
The rate boost is only paid on the first £20,000 of your balance in the Smart Cash ISA. Any funds held above this amount will earn the standard variable rate.
If I’ve already made a deposit this tax year, does it still count?
Yes, it does! We’re including all new deposits (subscriptions) made in the 2026/2027 tax year.
Even though this promotion launched on 15 April 2026, any deposits you’ve made since 6 April 2026 into your ISAs with Chip will count towards your £10,000 or £20,000 total.
Any deposits initiated before the promotion start date of 6 April 2026 won’t count towards your £10,000 or £20,000 total.
Which accounts are included in this promotion?
You can deposit into any of the following accounts to reach the qualifying totals:
Smart Cash ISA
Chip Cash ISA
Stocks & Shares ISA
Please note that the actual rate boost will only be applied to the balance in your Smart Cash ISA.
Can I split my deposits across different Chip ISAs in this promotion?
Yes, you can split your deposits across any combination of your Chip ISAs.
As long as the total amount you deposit between 6 April 2026 and 23:59 30 April 2026 reaches the £10,000 or £20,000 threshold, you'll qualify for the respective boost.
For example, you could:
Deposit £10,000 into your Stocks & Shares ISA and £10,000 into your Smart Cash ISA to hit the £20,000 target for the 0.75% boost.
Split £10,000 across all three (the Chip Cash ISA, Smart Cash ISA, and Stocks & Shares ISA) to qualify for the 0.25% boost. Remember with investing, your capital is at risk.
Just a reminder: while you can split the deposits to qualify, the actual rate boost will only be applied to the balance held in your Smart Cash ISA.
Do interest payments or investment gains count towards the deposit total?
No, only new money deposited into your accounts during the promotion period counts toward the £10,000 or £20,000 targets. Any interest you earn on your savings or any growth in the value of your investments (market gains) within your Stocks & Shares ISA will not be included in your qualifying deposit total.
Do ISA transfers count towards the deposit total?
Important: We do not currently accept external ISA transfers into the Smart Cash ISA.
ISA transfers into the Chip Cash ISA and Stocks & Shares ISA can count, but only the portion of the transfer that consists of "new money" deposited in the current 2026/27 tax year. Any funds originally deposited in previous tax years (2025/26 or earlier) will not count towards your £10,000 or £20,000 goal.
Here are a few examples of how this works:
Example 1: You transfer £20,000 from another provider, but that money was originally deposited in the 2025/26 tax year. This would not qualify.
Example 2: You transfer £20,000 that you’ve already deposited with another provider since 6 April 2026. This would qualify.
Example 3: You transfer £50,000 from another provider; £30,000 is from previous years and £20,000 was deposited this tax year. Only the £20,000 from this year would qualify.
Do pending ISA transfers count?
For an ISA transfer to count toward your boost, two things need to happen:
The funds must be settled: The transfer must have fully cleared and settled in your ISA before the promotion ends at 23:59 on 30 April 2026. If the transfer is still pending after this time, it won't count.
The funds must be "new money": Only the portion of the transfer that was originally deposited in the current (2026/27) tax year will count toward your £10,000 or £20,000 total.
Because ISA transfers can take a few weeks to complete, we recommend starting the process as early as possible to make sure the funds settle in time.
Do transfers from my other Chip accounts count towards this promotion?
Yes, they do. If you move funds from another Chip account (such as the Prize Savings Account, Chip Instant Access Account or Chip Easy Access Account) into your ISAs held with Chip, these will qualify as long as these internal transfers are completed by 23:59 on 30 April 2026.
However, please bear in mind that besides the Chip Cash ISA, you cannot make internal transfers directly into your Smart Cash ISA.
When will my boosted rate be applied?
If you’ve met the criteria, we’ll automatically apply your rate boost to your Smart Cash ISA on 1 May 2026.
How long does the promotional boost last?
The boost will last for 365 days (one year) from 1 May 2026. After this, your rate will return to the standard Smart Cash ISA variable rate.
What happens if the Bank of England changes the base rate?
The Smart Cash ISA is a variable tracker, meaning the underlying rate can move up or down in line with the Bank of England base rate. If the base rate changes, your underlying rate will change, but your promotional boost (0.25% or 0.75%) will remain the same for the full 12 months.
Is there a limit on how much of my balance gets the boosted rate?
Yes, the rate boost is only paid on the first £20,000 of your balance in the Smart Cash ISA. Any funds held above this amount will earn the standard variable rate.
Can I get both the 0.25% and the 0.75% boost?
You can only receive one rate boost. They do not "stack" on top of each other. If you deposit £20,000, you will receive the 0.75% boost only.
What happens if I withdraw money before the promotion ends?
Any settled withdrawals you make from any of your ISAs with Chip before 23:59 on 30 April 2026 will be deducted from your total qualifying deposits.
For example, if you deposit £20,000 but then withdraw £5,000 before 30 April, your qualifying total would be £15,000. In this case, you would qualify for the 0.25% boost rather than the 0.75% boost. To make sure you hit your goal, you’d need to top your balance back up before the deadline.
What happens if I withdraw money after 1 May 2026?
Once the boost has been applied on 1 May, you are free to withdraw your funds at any time. However, because the rate boost is only paid on the balance held in your Smart Cash ISA (up to £20,000), any money you withdraw will stop earning that boosted rate. You will continue to earn the boosted rate on whatever balance remains in the account for the rest of the 12-month period.
What happens if I close my account before the year is up?
If you choose to close your account before the 12-month boost period ends, the rate boost will stop as the account it’s attached to will no longer be open.
Important things to know:
Once a Smart Cash ISA is closed, you won't be able to open another one with Chip in the same tax year.
If you close your Smart Cash ISA or transfer to another provider, you won’t be paid any interest that has accrued but not yet been paid.
Need further help?
If you have any further questions, please 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.